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What are write off entries to be passed say if im having payable of Rs. 400
standing in the balance sheet and I want to write it off...

Question Posted / romeo

Answers were Sorted based on User's Feedback



What are write off entries to be passed say if im having payable of Rs. 400 standing in the balanc..

Answer / gulzar

payable a/c. dr. - 400

profit and loss a/c. cr.- 400

Is This Answer Correct ?    4 Yes 0 No

What are write off entries to be passed say if im having payable of Rs. 400 standing in the balanc..

Answer / kapil rana

Payable A/c Dr.
To Cash

Is This Answer Correct ?    1 Yes 2 No

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