Menu
Debit balance of capital creditors
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.
Recent Topics :
- 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
- Sell of CAFC books
Related Topics :
CAclubindia
