what will be the entry for baddebts write off.
what will be the entry for baddebts write off recovered.
Answers were Sorted based on User's Feedback
Answer / suresh kumar
1. Bad debts a/c Dr
To Sundry Debtors a/c
2. Cash/Bank a/c Dr
To Bad debts recovered A/c (Recovere Amount)
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / nisar
1 . Bad debt account Dr
To Provision for bad debt
(When we think its un collectable)
Provision for Bad debt a/c dr
To Debtors account
(Next year when we sure is un collectable)
2 Debtors account dr
To provision for bad debt
Bank A/c dr
to Debtors account
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / riyaz
How to post bad debt recovery voucher entry in tally erp9
Is This Answer Correct ? | 0 Yes | 0 No |
what is the Journal entry for credit card bill paid from same bank account
why profit is a liability and loss is an asset?
If any company paid taxi fare to staff for special work how can i post it in tally example if Ram get 500 for taxi fare to return home late night due to official work.
What was your most complicated sales cycle in past positions?
In sales entry, for sales tax what rule apples (real, nominal)
examples of real accounts
What is the difference between Discount & consession?
what accounts payable applications are your familiar with?
what is the entry of tds when rent received for debtors ?
What is a accounts? and why have u prepare Accounts only one methods ?have a possible a different pattern?
what is npa?
wHAT IS DIFFERANCE BETWEEN RETAIL INVOICE & CASH MEMO?