amount un recoverable from a debtor and forming part of opening balance from the last 2 year and no transaction with that debtor during the last 2 year , can such amount can be shown as discount allowed
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Discount allowed
Replies (4)
No rahul that amount cant be treated as discount allowed,but after expiring the three years from the end of the previous year in which the amount was accrue will be written of as bad dabts.
agree ,amt will trrate as BAD & Doubtful debts
The amount should be taken as Bad & Doubtful Debt
yes the amount should be treated as bad debts
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