Amount write off
This query is : Resolved
23 April 2014
Hello there,
My query is, is there any limit to write off the balance. in my company's p&l a/c in indirect income, amount written off is seen negative. what does it mean? is it acceptable in audit?
My query is, is there any limit to write off the balance. in my company's p&l a/c in indirect income, amount written off is seen negative. what does it mean? is it acceptable in audit?
24 April 2014
Hi Adi,
As such there is no limit to write off balance, but it should be justifiable.
Write off A/c. can have either debit or credit balance.
Regards,
Devanand
As such there is no limit to write off balance, but it should be justifiable.
Write off A/c. can have either debit or credit balance.
Regards,
Devanand
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