writing off balance amt in creditors acc
This query is : Resolved
09 May 2009
dear all
suppose after payment to creditors at the year end the balance remains rs.23/-
what entry should be passed to write it off ?????
i think it should be
creditors ac-----dr
To indirect incomes a/c
suppose after payment to creditors at the year end the balance remains rs.23/-
what entry should be passed to write it off ?????
i think it should be
creditors ac-----dr
To indirect incomes a/c
09 May 2009
It is o.k with a narration (Being sundry balance in creditors a/c w/back)
09 May 2009
Agreed
09 May 2009
yes i agree, but before this action you should take no objection certificate from party, if you want to establish good control in your company.
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