Board Resolution for writing
off Bad Debts
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This
is to inform the board that there are number of Debtors/Creditors outstanding
since very long for which our internal auditor in its quarterly reports
advising to either settle the accounts with the respective parties or to write
off from the books of accounts at the earliest. We have made communication with
respective parties to settle the accounts but there is no response from their
end. Hence as per the advice of internal auditor it is proposed to write off
such debtors/creditors from the books.
is to inform the board that there are number of Debtors/Creditors outstanding
since very long for which our internal auditor in its quarterly reports
advising to either settle the accounts with the respective parties or to write
off from the books of accounts at the earliest. We have made communication with
respective parties to settle the accounts but there is no response from their
end. Hence as per the advice of internal auditor it is proposed to write off
such debtors/creditors from the books.
Hence if
approved following Resolution may be passed:-
approved following Resolution may be passed:-
“RESOLVED THAT the amounts noted against each
of the items mentioned below appearing in the books of account of the company
as on _________, be and are hereby written off.
S. No. |
Name of Party |
Nature of Dr./Cr. |
Amount |
Outstanding
|
1 |
|
|
|
|
2 |
|
|
|
|
3 |
|
|
|
|
4 |
|
|
|
|
5 |
|
|
|
|
“FURTHER RESOLVED THAT ___________ be
and is hereby authorized to take all necessary actions to implement the board
decision.”
and is hereby authorized to take all necessary actions to implement the board
decision.”
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