one of our debtors party still he is not paying 75000, this amount i am going to write off.
how to make the journal entry
pls help me
Guest
Guest
(Expert)
20 October 2010
Bad debts a/c dr.
To party a/c
Condition : according to CIT
u have taken action to recover that amount from party
3 years old.
It is the assessee, who decides whether a debt has became bad or not and the A.O can never insist the assessee for production of proof that the debt had became bad
CAclubindia
