It is advisible to open an SUNDRY BALANCES Written OFF account and transfer all balances of creditors/debtos  which need to be written off and the net balance in this account will be tranfered to profit & loss account.

Thank you Mr.Nitin,

kindly tell me that we need to net off the Drs & Crs Balance and the net amount should be transfer to provision for write off, and that amount can be utilised for the write off

Should br transfer to Provision for w/o a/c..

My conclution taken is first net off Drs with Crs. the amount comes to 436000/- AED.

for this i have transfer to Provision for Write off account (in provision/Liability) from P&L Account, and i plan to make utilise this amount for write off the Crs and Drs.

is this is ok to proceed, kindly confirm.