Please Help: CREDITOR WRITTEN OFF
Posted Date : 19-Mar-2015 , 01:58:42 pm | Posted By Arun Kumar Maurya
How much amount of Creditor will be written off in a financial year.
Category : Accounts | Answers : 0 | Comments : 1 | Hits : 289
Answers
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M. BHASKARA RAO & CO.
24-Jul-2015 , 03:45:05 pmThere can be no hard and fast rule for the quantum of amount.It should be based on solid evidence that the liability would not arise and the creditor has not claimed the amount for reasonably long time and will not claim the amount in future.It should be write-back and not write-off-kkm