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Pvt ltd co.

This query is : Resolved 

25 June 2014 Hello,
I have a pvt ltd company... We deal as sub brokers, I have around 12 to 13 lac as pending dues from client(as debtors in b/s) that is not going to be recovered...
Can I adjust this debtors against unsecured loans(loan taken from family members?

We suggest

25 June 2014 no...you need to write off these receivables in the Profit and Loss account.

04 July 2014 yes charge it to profit and loss a/c




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