what is journal entry of reserve for doutful debts.

Answer Posted / arjun kumar

debit the company reserves a/c
credit the reserve for doubtfil debts A/c

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.

1717


what do you mean by Firm

1262


what is the relationship between cost accounting financial accounting and managerial accounting?

712


Define bills receivable?

843


What are the criteria for accounting job?

1525






What are mis reports and do you prepare it?

707


Do you know marginal cost?

708


what is addition of Opening Balance and net profit transfered from profit and loss account called

1606


Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

3040


contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?

2241


Define push down accounting?

700


give 3 reasons why capital is referred to as a special liability

1428


Why in KE5Z report in SAP Accounting Data not found?

3691


what is an ideal organisation

1834


Is the shadow balance present in bank account always credited or bank may reverse it as well?

690