Tell me the General entry for provision for bad debts?
Answers were Sorted based on User's Feedback
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 |
Can v transfer trail balance to journal entry how and with example?
0 Answers Bandhi, iQor, OPI Global,
Are you sure MBA Finance Demand in market if yes why and if you study a distance couse so my question is destance education is a valed for big company and small company
Expand---------NMOP
EXPAND______________OECD
one question dr mean debit cr mean credit but cr full form credit but dr full form debit that mean debit not word dr what the answer
in which group under we will open donation and hamali weekly payment account or ledger
what is mixed invoice, prepaid invoice,quick invoice,podefault invoice,withholding tax invoice,please explain me in detail?
Expand I C A I
what is F B T?
Expand----------NZP
Expand P A N
why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?