what is journal entry for Bad debts recovered
Answer Posted / bharathi
CASH/BANK A/C
TO MISCELLANEOUS INCOME
(BEING THE AMOUNT CONSIDERED ALREADY AS BAD DEBTS IN THE PREVIOUS YEAR - HENCE THAT HAS TO BE TREATED AS MISCELLANEOUS INCOME) OTHERWISE IT CAN BE ADJUSTED WITH CURRENT YEAR BAD DEBTS AMOUNT
Is This Answer Correct ? | 0 Yes | 5 No |
Post New Answer View All Answers
Short Answer on _________Commerce
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
wht can u do for the growth of bhel?
Name the Accounting Concepts
We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.
what are responsibilities of an accountant in a company?
what is the reason for balance sheet not getting tallyed
Short Answer on _______Appropriation
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
What is the procedure to become charted accountant in India now. Please answer this is urgent
what is differred tax liability? explain in detail with some example.
How goodwill is accounted for the first time in a company .
What will be entry pass in tally if TDS paid by Credit Card.?
What are the major responsibility's of an accountant? what are the qualities he /she requires?
what is corporate accounting?