Manager (F & A)
2025 Points
Joined December 2008
Dear,
There can not be bad debts in case of Sundry Creditors.
I think u want to say that a creditor is not demanding the payment - this will be counted as yr income in a particular year in which u reverse yr creditors.
Creditors---------DR.
To Income(Under relevant head)
Relevant head will mean that the income will be recognised as per nature of creditor(i.e. for Exp. or for Goods).
Sunil