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Forfeited entry in accounts books
Dear All
i have paid EMD of rs.100000/- for purchase of material but we not pickup the material so they forfeited the our EMD amount
my query is how to take this entry in our books.
Thanks & Regards
Replies (1)
Written off as bad debts............
More details: https://indiankanoon.org/docfragment/174919026/?formInput=%20%22security%20deposit%22%20written%20off%20
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