Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / rahul
Provision for bad debts is like a reserve created for any
specific purpose i.e.,Bad debt.It shows himself as expenses but
its a fund created to adjust the bad debts.when the
Provision is created then the entry is
Profit & Loss A/c - - - - - Dr.
To Provision for Bad Debts.
And when bad Debt is actually happen then it is adjusted
with the Provision for Bad Debt Accounts & the entry is
Provision for Bad Debts - - - - - - Dr.
To bad debt A/c
| Is This Answer Correct ? | 27 Yes | 7 No |
Post New Answer View All Answers
What information do you require before you approve an invoice for payment?
what is the new rate of c.s.t in uttraklhand
What is the difference between perpetual and periodic inventory systems?
what is the responsiblities for accounts manager?
Please provide me the entire format of P.F. & ESI
how will decide that vender payment is ok without reco
pass journal entry for Prepaid insurance
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
What are the reasons which cause pass book of the bank and your bank book not tally?
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
Tell me different branches of accounting?
What is BRS Adjustment entry?
