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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2012 Can someone please explain the accounting treatment of time barred debt. Is the amount transferred to separate account or is it completely written back.
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
14 April 2012 If it is time barred debt, then u can write it back as liabilities no longer required written back.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2012 Thankyou!
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