what is the entry for bad debts?
- 3 Answers
- 29151 Views
- Accenture, CBL, Ernst Young, GNCC, I also Faced
- E-Mail Answers
Answer Posted / shaheen
Bad Debts A/c dr.
To Debtors A/c
(Actual Bad debts recorded)
Provision for doubtful debts A/c. dr
To, Bad bebts A/c.
(Transfering Bad debts to Provision for doubtful debts)
P&L a/c dr.
To, Provision for doubtful debts A/c
(Provision for doubtful debts made on debtors)
Cash A/c Dr.
To, Bad debts recovered a/c
(bad debts recovered and written off)
| Is This Answer Correct ? | 30 Yes | 5 No |
Post New Answer View All Answers
When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?
WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)
certificate of export is for which items?
Please tell me the rate of service tax of Transportation and the who is liable to deposit the Service Tax, the receiver of service or provider the service
how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..
Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate
Explain long term capital gains and how is it different from short term capital gains?
In advance c form dvat why not showing the amount in form verification
What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.
Cenvat credit transaction journal entries. And what does the term reversal of credit means
whether octroi service charge levied on entry tax? and is service tax levied on octroi service charge?
Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?
what is tax avoiding?
