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

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

payable a/c. dr. - 400

profit and loss a/c. cr.- 400

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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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