Answer Posted / surya kumar

At the first step the provision for doubtful debt should be
shown on the debit side of the frofit & loss account
correspondingly on the liability side of the Balance Sheet
(normally it is being netted off against Sundry Debtors for
disclosure purpose). After 2-3 years when the organisation
feels that there is no chance of recovery then the
provision shoud be written off against the amout
recoverable from debtors .

The case is just reverse in case of sundry creditors ,
whose demand is int acknowledge or whose whereabout is not
known.

interest paid comes under which head

1485

---

Tell me about how you have left a position better than you found it

2006

---

Straight line method to using Indian company names

1961

---

What is Risk Assessment?

1947

---

EXPAND___________INMA

1980

---

Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet

2104

---

i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?

2213

---

Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach

3292

---

What is deffered income

2288

---

Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

2134

---

Short Answer on __________Trade

1917

---

What is the difference between reserve and provision.

2260

---

Who is the maker of the promissory note

2003

---

Short Answer on ______________House Rent allowance

1857

---

In case of new admission of partner what will be the adjustment for the sharing ratios

2088

---