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adjustment of loan against general reserve

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(Querist)
20 September 2008 Whether loan given can be written off against the general reserve.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
21 September 2008 Please be a little more specific. The nature of loan, why written off against gen.reserve etc.,
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
21 September 2008 Yes.
If the Loan is irrecoverable you can write it off against general reserve.
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