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Where it will effect in the Balance sheet, Rs. 5000/- of
Bad Dept ??
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Answer / divya
it ll effect on the asset side of the balance sheet,and shd
b deducted form the debtors
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / sandhya
it will effect asset side in the balance sheet.
journal entry:
Debtors
(-) Bad debts
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / vasuki
if bad debts is given in Adjustments, then first it should be in expenses side of Profit and Loss account. And Please remember, Bad debts is loss, obviously it will be appear in Liability side. In case of return off, then it will deducted in Debtors which is appearing in Asset side of the Balance sheet.
Remember "Bad Debts" is loss
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / amar sharma
it effect on asset side,bad dept. deduct on debtors in balance sheet and P&l a/c.,
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kishore aggarwal
In my opinion
IT IS DIRECT DR IN P/L A/C NOT CONSIDER IN B/S
| Is This Answer Correct ? | 0 Yes | 0 No |
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