How to write off a creditor

This query is : Resolved

Guest

Guest (Querist)

21 August 2012 Dear Sir / Ma'am,

In tally I have a few creditors where we have made them excess payments then the bill amount by merely 100's or 300's. for eg. if X company gave us a bill of 1000/- we made pmt to them of 1200/-, now there isn't any more pmt to be done to them & they will not provide us any bills for 200/-, so how do I write them off in tally??

CA Amit Jaiswal

CA Amit Jaiswal (Expert)
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22 August 2012 Let the debit balance appear in the books.

Guest

Guest (Querist)

22 August 2012 thank u for ur reply...but since we have already paid those creditors completely & there will b no further transaction in near future, still wud i let them b on the debit??

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CA Amit Jaiswal

CA Amit Jaiswal (Expert)
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22 August 2012 You can let the balances appear till the management decides to write them off.

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