Liquidation of the bank & no chance to receive our money

A/c entries 664 views 2 replies

In one of case the I see that one bank is in liquidation & our money is no longer to receive. At that time what entry should be passed for defaulted money.

 

Replies (2)

Is it concerning scheduled banks or non Scheduled banks

BANKRUPSY EXP A/C DR. 

TO BANK A/C


CCI Pro

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