Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / kamlesh kumar singh
In most of the organisation , it is certain that the whole
amount of debtors will not realise in future.And for this,
at the end of the year Provision for doubtful debt is
created and after that those amount which are not realised
from debtors after discussion from debtor written off by
reducing the provision.
Journal Entries:
1)Profit and loss a/c --Dr
To,Provision for doubtful debt a/c
2)Provision for bad debta/c--Dr
To,Bad Debta/c
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
What is the abbreviation for the accounting terms debit and credit?
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc
journal entry for prepaid insurance and salary outstanding
Explain me fair value accounting?
What is meant by turnover?
Why is accuracy important in accounting?
examole of cash to cash contra entry
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"
How to make deductions of the employees from salary against the loan in AP module oracle R12
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
