09-28-2010, 08:22 PM
Hi dear
There is no laws which precise the timing for writing off of liabilities. However, management should judge the remoteness for any future claim to arise from the liability. Hope this answer your question.
Nobin
There is no laws which precise the timing for writing off of liabilities. However, management should judge the remoteness for any future claim to arise from the liability. Hope this answer your question.
Nobin
