Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is journal entry to create the Provision for Bad &
Doubtful debts?

Answer Posted / prasanna

Profte and loss account Dr
To Provision for bad debts

Being amount in P and L account is reduced in order to maintain the provisions

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the journal entry can be passed for an opening balance (bank, fixed asset, provisions)to the new software

1533


Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?

2678


Plz Ask from me New Accounting Questions.

1911


What Is Responsibility Accounting?

1188


What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance

6317


Explain me your current/former role, your responsibilities, and how success is/was measured?

1156


At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.

2307


Define offset accounting?

1062


What are the accounting events that are frequently involved in compound entries?

1155


What is recording damage inventory in books of account?

1054


What are a debit note and credit note with an example?

1071


Tell me how many types of business transactions are there in accounting?

1076


Who uses accounting?

1142


What are the disadvantages of manual accounting?

1053


Define executive accounting?

1194