what is the journal entry for bad debts?
Answer Posted / 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 |
Post New Answer View All Answers
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
commisiion recieved journal entry and receipt required
what did you mean by cash credit limit account ?
what are the importance accounting entries for AP and AR process in interview..
why do u want to join bpo sector
how we could adj. the entries of prop. & firm in merging time
What is the New GL concept? how do you configure new GL a/c?
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
let me know the difference between net cash flow and income
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
how to make a project accounting in tally erp9 ?
What is Merchandising Accounting process