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
- 7 Answers
- 31119 Views
- Axis Risk Consulting, I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Bad and doubtful debts shall be taken care of while closing
the books of accounts periodically.
Example entry for bad debts:-
Bad debts written off Dr. (P&L A/c)
M/s.ABC Ltd.(Name of the Customer) Cr. (B/S A/c under CA)
Example entry for doubtful debts:-
Bad debts written off Dr. (This is a P&L A/c)
Provision for bad debts Cr. (B/S A/c)
In case a debt written off in the earlier year is recovered
in a later year, the following entry can be passed.
Provision for bad debts Dr. (B/S A/c)
To Bank A/c or Cash A/c Cr. (B/S A/c)
| Is This Answer Correct ? | 20 Yes | 15 No |
Post New Answer View All Answers
how to check which item is sold by the sundry debtors in tally?
wht can u do for the growth of bhel?
service tax form no ? What is CC Limit ? What is branch accounts?
Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com
What is revaluation of Accounts, how does it is accounted in business
Define Salry for the following purpose 1.To calculate HRA
what is mean by traditional accounting ?
Mention some of the major contributions made by you in your present and previous jobs
what is dividend? how do the use an accountancy?
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??
Expand---------NMOP
Please send me full details of MIS report how to prepare which item to be consider in MIS report? 2) full details of Esic, PF and Fbt and maharashtra labour welfare fund
Expand---------PED
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?
