Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / syed mohd ziya
provisions are made for definite expected losses and
reserves are made to meet out the cotingencies.
bad debts- nominal nature- loss
all expences and losses are debited, gains are credited.
journal entry:-
profit and loss a/c Dr
To provision for bad & doubtfull debts
2- bad debts a/c Dr
TO debtors a/c
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
Tell me what a deferred asset is and give an example?
What information do you require before you approve an invoice for payment?
Do you know what is icai?
Tell us what is a cpa?
Tell me what is the general classification of accounts that usually ledger account involve?
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
how to calculate the per unit cost of production
Pls tell me the basic rules of accounts for interview in finanace or accounts section
In which account does the unpresented cheque will get recorded?
is it related to b.com syllabus or puc syllabus
Tell me different branches of accounting?
What are the accounting entries for branch accounts?
Pls let me know Job profile for Account Manager.
simply define shares and debentures
