Menu
written off
if there is amount balance in any creditors like Rs.10 or 20 so we transfer same in written off ledger then under which head we have to create written off ledger
Replies (4)
Indirect Income
you create Sundry creditors write off A/c in ledger , then transfer to profit & loss account under indirect Income .
if it's debit balance then acct head is Sundr Creditors Write-off under indirect exp
if credit balance then Sundry Creditors Written Back under indirect income
if credit balance then Sundry Creditors Written Back under indirect income
Based on the balances under Sundry Creditors they can be written off by transferring the balances to P&L A/c.
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
