How to treat the provision for bad debts which appeared on
the credit side of the P&L A/c?
Answer Posted / srivalli
Bad debts will be written off by the company as an expense.
so, it will taken on the Dr side of P&L account where as
reserve for baddebts is taken on the Income side i.e on cr
side of P&L account. In the B/S baddebts will be deducted
and the reserve shall be added to the Debtors.
Is This Answer Correct ? | 11 Yes | 10 No |
Post New Answer View All Answers
fd redeem interest and principal entry in tally
What is invoice accounting rules?
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
npa is either person or account
deffered tax treatment in financial statements
Which entry we pass self entry like cash withdraw for ourself
Short Answer on _________________City Compensatory allowance
What is the analytical way of accounting?
When is a dedit note raised When is an expense booked
How will be prepare invoice in tally, please tell me step by step
What is the accounting treatment for finance lease in lessee's viewpoint?
EXPAND___________NBW
Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c
pls send me capital iq quition paper pls, ihave 2mr interview thanks
How do you avoid loss situation