Query regarding passing necessary journal entry
This query is : Resolved
Guest
Guest
(Querist)
31 May 2011
Dear Friends / Experts,
I have the following query :
In the Balance Sheet of 'A',
Account Head - Advance from Clients having balance of Rs.54000/-. (Say X - 12000,
Y - 12000, Z - 30000)
Actually, there is no Advance from Clients.
Query :
How do I pass necessary Journal Entry to remove the Advance from Clients or give proper effect for the same ?
Ans : ..............
I shall wait for the views.
Thanks.
I have the following query :
In the Balance Sheet of 'A',
Account Head - Advance from Clients having balance of Rs.54000/-. (Say X - 12000,
Y - 12000, Z - 30000)
Actually, there is no Advance from Clients.
Query :
How do I pass necessary Journal Entry to remove the Advance from Clients or give proper effect for the same ?
Ans : ..............
I shall wait for the views.
Thanks.
05 June 2011
Simply write it off after getting management approval that it is not recoverable
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