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1. ABC Enterprises had following debtor balances as at 31 December 2018. Kumara Rs. 50,000 Nuwan Rs. 60,000 Sisira Rs. 80,000 A A Kumara was
1. ABC Enterprises had following debtor balances as at 31 December 2018. Kumara Rs. 50,000 Nuwan Rs. 60,000 Sisira Rs. 80,000 A A Kumara was unable to settle the debt amount due to bankruptcy. Sisira's debt amount was not settled due to absence in India. Due to above reasons ABC Enterprises decided to write off owing balances from Kumara and Sisira
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