Payable details_pending

This query is : Resolved

Anirudha (Querist)
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21 October 2010 Hi

Can anybody tell me
what is procedure if the payable is pending in our books pertaining in last 4-5 years.
should we treat
1)do Reverse entry and generate income or it would payable to any state legal dept.

Regards
Anirudh

Ca Aashish Upadhyay

Ca Aashish Upadhyay (Expert)
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21 October 2010 Clear it more!!

Anirudha

Anirudha (Querist)
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21 October 2010 Dear Sir,

Basically some payable(i.e-salary payable and incentive payable) accounts pending in our books and its more than 4 years.

what should we do?

Regards
Anirudh

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