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partnership

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(Querist)
04 November 2010 wht entry is passed on partnership if:
A customer whose a/c has been written off, now promised to pay Rs. 1,200 in full settlement.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
04 November 2010 Credit P/L account
Debit Debtor account
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sudhakar ca cwa

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sudhakar ca cwa (Expert)
04 November 2010 Debtor A/C Dr
to Bad Debts recovery a/c

After we receive the payment
Bank a/c dr
To Debtors a/c
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pankaj kumar

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pankaj kumar (Querist)
04 November 2010 hey r u sayin rite..............not violating accounting principle.........

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