Debit balance of capital creditors

280 views 2 replies
Dear All, Wanted to know the accounting entries as per IFRS We have one creditors from whom we purchase capital assets. Now due to some misunderstanding we have paid twice for one bill. Now it is shows as debit balance. he not ready to reapy back and we close the business with him. Now wanted to write off the account. Pls suggest entries as per IFRS
Replies (2)

ASK FOR BILL FOR THIS IS BETTER WAY

 

if it is truly paid twice  recovery from the vendor, if he is not agree for repayment go head with leagal procedure with proof of double payment.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register