What are write off entries to be passed say if im having payable of Rs. 400 st

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

2 Answers
4634 Views
I also Faced
E-Mail Answers

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

Post New Answer

More Accounting AllOther Interview Questions

what is the difference between a company's balance sheet & a bank's balance sheet.what is the negotiable instrument act . is cheque a negotiable instrument.

4 Answers ESIC, State Bank Of India SBI,

Can u please give me example of bonds? is National savings certificate a Bond?

0 Answers

What is the difference between the Invoice and Bill?

4 Answers Karvy,

Are you sure MBA Finance Demand in market if yes why and if you study a distance couse so my question is destance education is a valed for big company and small company

1 Answers

How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

0 Answers

What accounting records must a company charity keep, and for how long?

2 Answers

How do the standards assist the users of financial report?

0 Answers NIIT,

what is difference between income accrued and income receivable?

5 Answers

What is Standard Cost?

6 Answers Cap Gemini,

In tally drawing accounts come under which account