Tell me the General entry for provision for bad debts?
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Answer / ganga
Bad debts A/C Dr
to Debtors/customer A/C Opening entry
Profit& loss A/C Dr
to Bad debtors /C Closing entry
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shraddha kasalkar
bad debts a/c dr
to provision for bad debts a/c
| Is This Answer Correct ? | 5 Yes | 5 No |
Answer / swati jain
Provision for Bad Debts a/c Dr
To Bad debts a/c
Profit & Loss a/c Dr
To Provision For Bad debts a/c
(Being provision made out of profit)
Final entry being:
Profit & Loss a/c Dr
To Bad Debtsa/c
Provisions* are always made out of profits
* any type of provision
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / jagadish
Bad Debts A/c Dr
To Provisions for Bad Debts A/c
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / rahul kanojiya
Answer
1 Bad Debts A/c dr.
To Provision for Bad & Doubtful Debts Cr.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sandipan chakraborty
Provision for bad debts a/c Dr
To Profit & loss a/c
| Is This Answer Correct ? | 0 Yes | 3 No |
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