dear freinds, I have a question related to branch accounting. our is a H.O. and want to know the treatment of bad debts in case of branch. one of our debtors at branch has become insolvent what accounting treatment had to be made in this case. Also for how much year one can show baddedts in the books or can one show the name of the party as outstanding?. please reply
Menu
Bad debts in branch book
Replies (1)
prepare memorandum branch debtors a/c and balance amount is call ed bad debts. This bad debts amount must appear in credit side of branch account
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
