Hi All,
we want to write off the some Debtors having the credit balance.
kindly help me out for passing this entry
2 Replies
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6881 Points)
Replied 02 April 2013
Debtor having credit balances, its means some advances were obtainted from debtors or wrong may be done by accountant i.e. purchases were routed from creditors ledger errorneously disclosed as Debtor.
Therefore, its advisable to you gone though these ledgers having credit balance. from the beginng, details underdstanding of each entries.
final entry will be
Debtor A/c debit
to Sundry bal w/o
SUNIL
(Student)
(29 Points)
Replied 11 July 2014
Dear expert, I wanted to know if by mistake in last year by accountant some ledger balance of debtors get written off .what to do bring back in p& l without effecting opening balance.
Thanks in advance
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