What is journal entry to create the Provision for Bad &
Doubtful debts?
- 13 Answers
- 88668 Views
- ABS, Infosys, I also Faced
- E-Mail Answers
Answer Posted / kapil kumar
P&l account debit
To Provision for bad debts
(Being provision is created for bad debts)
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance
hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.
Scope and nature of Accounting
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
What are the elements of the accounting equation?
saji become insolvant -what is journal entry
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
Is an "account receivable" and "goodwill" real accounts in accounting?
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
whether bills of exchnge can come under the category of reserves and surplus
What is Capital Commitments means?
Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received
