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what is the journal entry for bad debts?
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Answer / harpreet
for example
Bad Debts A/c Dr 100/-
To Debtor/Customer A/c 100/-
| Is This Answer Correct ? | 370 Yes | 35 No |
Bad Debts A/c Dr.
To Debtors A/c
(Opening entry)
P.& L. A/c Dr.
To Bad Debts A/c
(Closing entry)
| Is This Answer Correct ? | 257 Yes | 19 No |
Answer / vaibhavi
BAD DEBT A/C ...................DR
TO DEBTOR'S A/C.
(BEING DEBTOR ARE IN DUE AND UNABLE TO PAY HIS DUE)
| Is This Answer Correct ? | 253 Yes | 24 No |
Answer / hashim bim ali
the journal entry for this question is
bad debts a/c dr
to debtors a/c....
| Is This Answer Correct ? | 94 Yes | 9 No |
Answer / mukesh ledwani
bad debts a/c dr
to
debtors a/c
(opening entry)
p&l a/c dr
to
bad debts a/c
(closing entry)
| Is This Answer Correct ? | 86 Yes | 6 No |
Answer / ganesha
bad debts a/c dr xxx
to
debtors a/c xxx
(opening entry)
p&l a/c dr xxx
to
bad debts a/c xxx
(closing entry)
| Is This Answer Correct ? | 62 Yes | 11 No |
the jr entry for this ques
baddebts a/c dr xxx
to debtors a/c xxx
| Is This Answer Correct ? | 50 Yes | 11 No |
Answer / dinesh bansal
FIRST THERE WILL BE PROVISION FOR BAD DEBTS RESERVE FOR
THREE YEARS AND THEN THE ENTRY WILL BE PASSED FOR BAD DBETS
RESERVED. I AM CONFUSED WHETHER IT'S A OPENING ENTRY OR
CLOSING ENTRY ?
| Is This Answer Correct ? | 42 Yes | 9 No |
Answer / praveen singh
First entry will be:
Bad Debts A/C Dr xxxx
To Debtors A/C xxxx
Final entry will be:
Profit & Loss Account Dr xxxx
To Bad Debts Account xxxx
| Is This Answer Correct ? | 26 Yes | 1 No |
Answer / anupam
Bad debts a/c Dr 100
To Debtors a/c Cr 100
P&l a/c Dr 1000(Being a percentage of Debtors)
To Prov for D.Debts a/c Cr 1000
Prov for D.debts a/c Dr 100
To Bad debts a/c Cr 100
| Is This Answer Correct ? | 29 Yes | 6 No |
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
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