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...

Tell me the General entry for provision for bad debts?

Answer Posted / padma@mba hr

If you have a general provision you can set-off the bad debt
against that account.

If you have a specific provision, you have to see whether he
has been provided for. If thats the case you just debit that
a/c. If that debtor is not individually provided for, you
have to write it off against the P&L account.



Again, normally companies have to give the breakup of the
provisions accounts in their financials. They have to show,

1. What is the actual bad debt

2. What are the general or specific provisions made during
the year.

Is This Answer Correct ?    12 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09

2125


WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?

2136


what is ledger account

2039


Depreciation method to using Indian company names

2112


What is re-financing in Letter of Credit settlement

1968


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?

1831


What is ABC Analysis in industrial function. hw can it s maintain ?

2233


Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

2075


In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

2530


Expand-------NAC

2199


EXPAND___________LNG

1949


Expand------------STRA

2067


What do you mean Business

2204


Short Answer on __________Event

1975


Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?

2028