What treatment is to be done in case the partners realise amount on account of Bad Debt Recovery after closing all the books of accounts because of insolvency of partners????
2 Replies
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 22 September 2011
The bad Debt recovery is to be settled to the unpaid creditors . No entry in the books of Accounts
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