Write Back of Creditors

Sundry Creditor Dr 10,000

Misc Income/Other Income/Indirect Income Cr 10,000

(Being the amount treated as income since not payable to them)

or simpler for you would be

Sundry Creditor Dr.

To P/L A/c

This means you dont have to again credit the Misc Income/Other Income to P/L again

Originally posted by : Ankita Benegal
	or simpler for you would be Sundry Creditor Dr. To P/L A/c   This means you dont have to again credit the Misc Income/Other Income to P/L again

OR IF THIS IS FOR SPECIFIC EXPENSE AND IT IS KNOWN THAT FOR WHICH EXPENSE THEN..................

  SUNDRY CREDITOR A/C DR

                    TO ...................EXPENSE A/C...

Thank You frnds for your valuable inputs:-)

AGREE WITH ANKITA

IN NEED TO BE P @ L ACCOUNT  , NOT AS OTHER INCOME BCAUSE EVEN IF U GO BY  PRESENTATION IT NEED TO TAKE AS A BUSINESS INCOME NOT AS OTHER INCOME

agree with ankita and tehsinkhan