What is bad debt ? how does it effects on Balance sheet and
profit and loss account?
Answer Posted / rajeev chaturvedi
Bad debts means in the end of financial year , the amount
which does not received from debtors.
its shows the loos has been increased & debtors has been
decreased . So debited the p& l Account . & credited the
debtors.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
what are the new rules of central excise ?
We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.
Short Answer on _____________Intangible Assets
sort out the difference between service provider & service reciepient from the service tax.
WHAT IS CORPORATE ACTION?
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
institutional investors?
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
what is leverage n detail and tpoes of leverage with iagram?
what is the organisation chart for accounting and finance ?
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
Expand-------SCAN