Payment for trade liability which was earlier write off

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Chartered Accountant
33 Points Posted on 06 August 2013

Dear All ,

 

If any trade creditor is write off in accounts due to settlement and after 3 years again that creditor arise and demand the amount and company /firm paye that amount , then what will be the accounting tratment in the books of accounts in the case of individual , Firms or Companies ?

 

Please advice on the above 

 

 

 

 

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On 06 August 2013 at 16:05 Report
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Consultancy Service
172 Points Posted on 06 August 2013
Sundry bal w/off a/c dr. To Cash a/c
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On 06 August 2013 at 16:19

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