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what is badts and its entries?
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Answer / kamlesh kumar singh
In most of the organisation , it is certain that the whole
amount of debtors will not realise in future.And for this,
at the end of the year Provision for doubtful debt is
created and after that those amount which are not realised
from debtors after discussion from debtor written off by
reducing the provision.
Journal Entries:
1)Profit and loss a/c --Dr
To,Provision for doubtful debt a/c
2)Provision for bad debta/c--Dr
To,Bad Debta/c
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / rakesh sharma
At the time of provision:
Bad Debts A/c ....................Dr
To Provision for Bad Debts Cr
At the time of bad debts:
Provision for Bad Debts ..........Dr
To Debtors (A Ltd) Cr
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / tushar
THE AMOUNT WHICH IS IRRECOVERABLE FROM CUSTOMER.
ENTRY IS
BAD DEBTS A/C DR.
TO CUSTOMER A/C.
| Is This Answer Correct ? | 3 Yes | 0 No |
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