what is proviosion for bad debts and provision for bad and
doubtfull debts
- 4 Answers
- 10859 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sanjay lashkari
Provision for Bad debts-
It is used along with the account Accounts Receivable in
order to report the net realizable value of the accounts
receivable.
Provision for bad and doubtful debts-A doubtful debt is a
debt, which the business considers may not be paid.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / saiyad aejaj
in account bad debts are carryforward in p/l a/c but we
also create provision if we create this account we credit
baddebts balance to this account and doubtfull debt also
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / s
procedure of provision are same for bad debts and doubtful debts and the entry for this:
bad and doubtful debts a/c dr.
to provision for bad and doubtful debts a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
What is BRS Adjustment entry?
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
how to calculate AMC charges for the financial year
what is the meaning of receivables and payable?
what is the differece between salary and remuneration?
Differentiate between provision and reserve?
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
I purchased a Car & paid 10,000/- Rs. Cash & 50000/- Rs. By Loan. What will be the Entry ??
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
What are the accounting events that are frequently involved in compound entries?
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
Audit 
