what will be the entry for baddebts write off.
what will be the entry for baddebts write off recovered.
Answers were Sorted based on User's Feedback
Answer / suresh kumar
1. Bad debts a/c Dr
To Sundry Debtors a/c
2. Cash/Bank a/c Dr
To Bad debts recovered A/c (Recovere Amount)
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / nisar
1 . Bad debt account Dr
To Provision for bad debt
(When we think its un collectable)
Provision for Bad debt a/c dr
To Debtors account
(Next year when we sure is un collectable)
2 Debtors account dr
To provision for bad debt
Bank A/c dr
to Debtors account
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / riyaz
How to post bad debt recovery voucher entry in tally erp9
Is This Answer Correct ? | 0 Yes | 0 No |
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
what is retention? how caculate on asset
what is the meaning of networking capital
Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
What is meant by ERP
3 Answers QAZI Engineering, State Bank Of India SBI,
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c
entry tax calculate on purchase +freight inward or not
Entry of vehicle loan paid some margin money and other amount financed by bank and repayment of bank loan?
Hi,i went for an interview they asked me why a balance sheet should tally.can anyone tell me
i purchase a printer which expenses it comes my shop is medicines purchase and selling
Do you know retail banking?