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Write off or adjust payable
Hi,
In my cos balance sheet, there is incentive payables balance standing of Rs. 400. Though I traced the amount to year 2010 but I was unable to know why the same happened. Pls advise what and how should I proceed. Whether write off or adjust and how
Replies (1)
you may do both.,
If u write off you may have to answer to IT authorites in future as to the reason of writing off.
But if you adjust to some employess account you may not have a problem.
You can also pass an payment entry to some employee and get rid off it rather than writing off or adjusting it
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