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writing off balance amt in creditors acc

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(Querist)
09 May 2009 dear all

suppose after payment to creditors at the year end the balance remains rs.23/-

what entry should be passed to write it off ?????

i think it should be
creditors ac-----dr
To indirect incomes a/c
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
09 May 2009 It is o.k with a narration (Being sundry balance in creditors a/c w/back)
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taxindiaconnect

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taxindiaconnect (Expert)
09 May 2009 Agreed
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CA MEENAKSHI MANGLA

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CA MEENAKSHI MANGLA (Expert)
09 May 2009 yes i agree, but before this action you should take no objection certificate from party, if you want to establish good control in your company.

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