Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

How do we treat Bad debts... how to create
provision/reserve for bad debts? show an example journal...
for creating provision and then writting off debtors

Answer Posted / harsha

the journal entry is
for bad debts journal entry
baddebts account dr
to debtors account
for provision for baddebts
bad debts account dr
to provision for bad debts
for writting of
provistion baddebts a/c dr
to baddebts account

Is This Answer Correct ?    24 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand-------NAST

2105


For what purpose ERS is used for?

2211


I need all WNS interview questions

2126


Short Answer on _____________Whole Sale Trade

2073


Give a brief explanation of the fundamental accounting concept of prudence

2167


All shot cut key use in the tally software & it's uses

2007


Name some errors which can be detected by Trial Balance

2061


How and by whom the Percentage of Depreciation is fixing?

2346


Short Answer on ______________House Rent allowance

1796


whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account

2281


what is Functional Specification in SAP FICO?

962


which is the combine entry in ERP?

2223


What is the New GL concept? how do you configure new GL a/c?

2004


company's total overhead expense is containing which are the expenses? Definition of overhead expense.

1972


What is the treatment of Capital Work in Progress as per the International Accounting Standards.

4870