What treatment is to be done in case the partners realise amount on account of Bad Debt Recovery after closing all the books of accounts because of insolvency of partners????
Ankit Agarwal (Article) (204 Points)
22 September 2011What treatment is to be done in case the partners realise amount on account of Bad Debt Recovery after closing all the books of accounts because of insolvency of partners????
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 22 September 2011
The bad Debt recovery is to be settled to the unpaid creditors . No entry in the books of Accounts
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
