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 |
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Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
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EXPAND___________NPO
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
Expand---------NMOP
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