Easy Office
LCI Learning

Unclaimed credits

This query is : Resolved 

26 March 2008
How we treat creditors ''unclaimed credits'' in each fiscal year in P & L.


S.K.

26 March 2008 it is treated as income.

24 April 2008 YES,YOU MAY TREAT THE UNCLAIMED CR. AS INCOME IF YOU ARE REFERING TO CREDITORS OR OUTSTANDING BILLS SHOWN AS LIABILITY BY A FIRM/CO. AND THE SAME ARE NOT CLAIMED FOR A LONG TIME.
BUT THIS DOES NOT APPLY TO UNCLAIMED DEPOSITS,UNPAID DIVIDEND/SHARE APPLICATION MONEY ETC. WHICH YOU NEED TO TRANSFER TO INVESTOR EDUCATION FUND.
R.V.RAO




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query