Bed debts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2012
DEAR EXPERT,
UP TO HOW MUCH AMOUNT OF BAD DEBTS & CREDITORS CAN BE WRITE OFF?
UP TO HOW MUCH AMOUNT OF BAD DEBTS & CREDITORS CAN BE WRITE OFF?
Guest
Guest
(Expert)
12 January 2012
when the amount becomes not recoverable on the basis of aging schedule than bad debts can be written off.
Provided that reasonable effort should be made for recovery of the amount and you are able to justify that amount is prima facie not recoverable.
Provided that reasonable effort should be made for recovery of the amount and you are able to justify that amount is prima facie not recoverable.
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