W/O OF DEBT
This query is : Resolved
18 July 2010
PLEASE TELL BE WHETHER FOR W/O DEBT FIRST PROVISION HAS TO BE MADE IN FIRST & NEXT YEAR THEY CAN BE W/O "OR"
THEY CAN BE W/O DIRECTLY IN THE SAME YEAR BY DECISION TAKEN IN BOARD MEETING?
THEY CAN BE W/O DIRECTLY IN THE SAME YEAR BY DECISION TAKEN IN BOARD MEETING?
18 July 2010
it can be w/o directly if circumstances shows that it will not be recovered in future otherwise better to create provision if chance of recovery exist
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