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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
what is the journal entry for bad debts?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
for example

Bad Debts A/c Dr 100/-
To Debtor/Customer A/c 100/-
 
Is This Answer Correct ?    365 Yes 35 No
Harpreet
 
Answer
# 2
Bad Debts A/c Dr.
To Debtors A/c
(Opening entry)

P.& L. A/c Dr.
To Bad Debts A/c
(Closing entry)
 
Is This Answer Correct ?    250 Yes 18 No
Vijay Jain
 
 
 
Answer
# 3
BAD DEBT A/C ...................DR
TO DEBTOR'S A/C.
(BEING DEBTOR ARE IN DUE AND UNABLE TO PAY HIS DUE)
 
Is This Answer Correct ?    248 Yes 23 No
Vaibhavi
 
Answer
# 4
the journal entry for this question is

bad debts a/c dr
to debtors a/c....
 
Is This Answer Correct ?    94 Yes 9 No
Hashim Bim Ali
 
Answer
# 5
bad debts a/c dr
to
debtors a/c
(opening entry)

p&l a/c dr
to
bad debts a/c
(closing entry)
 
Is This Answer Correct ?    85 Yes 6 No
Mukesh Ledwani
 
Answer
# 6
bad debts a/c dr xxx
to
debtors a/c xxx
(opening entry)

p&l a/c dr xxx
to
bad debts a/c xxx
(closing entry)
 
Is This Answer Correct ?    61 Yes 11 No
Ganesha
 
Answer
# 7
the jr entry for this ques

baddebts a/c dr xxx
to debtors a/c xxx
 
Is This Answer Correct ?    50 Yes 11 No
Kumaraswamy
 
Answer
# 8
FIRST THERE WILL BE PROVISION FOR BAD DEBTS RESERVE FOR
THREE YEARS AND THEN THE ENTRY WILL BE PASSED FOR BAD DBETS
RESERVED. I AM CONFUSED WHETHER IT'S A OPENING ENTRY OR
CLOSING ENTRY ?
 
Is This Answer Correct ?    42 Yes 9 No
Dinesh Bansal
 
Answer
# 9
First entry will be:
Bad Debts A/C Dr xxxx
To Debtors A/C xxxx


Final entry will be:
Profit & Loss Account Dr xxxx
To Bad Debts Account xxxx
 
Is This Answer Correct ?    26 Yes 1 No
Praveen Singh
 
Answer
# 10
Bad debts a/c Dr 100
To Debtors a/c Cr 100

P&l a/c Dr 1000(Being a percentage of Debtors)
To Prov for D.Debts a/c Cr 1000

Prov for D.debts a/c Dr 100
To Bad debts a/c Cr 100
 
Is This Answer Correct ?    29 Yes 6 No
Anupam
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what happens to each of the three financial statements when working capital increases?   1
How does the rendering of services on account affect the accounting equation? a. Liabilities increase; stockholder’s equity decreasesb. Assets increase; liabilities increase c. Assets decrease; stockholder’s equity increases d. Assets increase; stockholder’s equity increases   1
expand N A V   4
explain about APP in SAP fico module?   6
where do you get working capital?   6
what is the difference between liquid asset and fixed asset   6
What is mean by Reserve on Consolidation?   1
what is the difference between debenture and shares Syntel 6
What is mean by account receiveble and account payable how it will goes to upto finalazation.and wher it will papper in accounts books.and wher it well be apper in accounts books can you tell for my accounts interview perpose. Essar 4
Expand ------ALH   1
expand C M P F   1
hi friends this veerendra i faced a qsn from accenture that is "if we use 2 retained earng a/cs what will happened and which places it will affect? give me explain   2
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
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