Non-payment of accounts payable
This query is : Resolved
30 July 2012
Date of purchase is before 3 years.. And the amount due on it is still unpaid. Means the amount has not been paid by the purchaser of goods till date. Then what will be the effect of this transaction in accounting entries as well as in income tax??
30 July 2012
in the accounts you have to w/of amount & it will be allowable as a expenses if its not a very big amount
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