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Bad debts wriien Off

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(Querist)
27 August 2023 Dear Experts,


Kindly let me know What is the Criteria or Procedure to be satisfied while posting Bad debts wriiten Off entry in Books of Accounts?

Thanks in Advance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 August 2023 It should be more than 3 years old and efforts taken for recovery not successful.
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M.Ramkumar

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M.Ramkumar (Querist)
28 August 2023 Thank you Sir. So as per company's Act we should estimate these 2 conditions and pass the journal entry at present ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 August 2023 Yes you are right..
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