what is the entry for bad debts?
Answers were Sorted based on User's Feedback
Bad Debt A/c Dr. (Created under the Indirect Exp.in Tally)
to Debtor Cr. (under the head Sundry Debtor in Tally)
| Is This Answer Correct ? | 56 Yes | 8 No |
Answer / shaheen
Bad Debts A/c dr.
To Debtors A/c
(Actual Bad debts recorded)
Provision for doubtful debts A/c. dr
To, Bad bebts A/c.
(Transfering Bad debts to Provision for doubtful debts)
P&L a/c dr.
To, Provision for doubtful debts A/c
(Provision for doubtful debts made on debtors)
Cash A/c Dr.
To, Bad debts recovered a/c
(bad debts recovered and written off)
| Is This Answer Correct ? | 30 Yes | 5 No |
How to do entry for Income Tax Refund ?
Anybody please explain me what is Branch Transfer and its implications with example.
why is service tax set off is consider while calculating wct tds
I paid service tax double time due to web site problem for the year 2009-10, is there any chance to claim that amount if yes please tell me the process. thanking you.
How to file the CST return and which form is use.
0 Answers Bharat Bazar, Skyline,
What is "Crossing the customs frontiers of india"? Please explain in layman language.
i m geting gross 12250.m i liable for tds ? if s then how much it will take?
how to calculated all taxes their information in details
What is a deffered-tax liability?
What is the value of the Budget for 2009-10
How to file tds/tcs tax challan and what is the last date for This
on earth moving road work which type of tax is applicable?