How baddebts received effects in trial balance and balancesheet

Advertise your Business Here

Refer this Site

Login | Sign Up


	Ask Questions on ANYTHING, that arise in your Daily Life at FORUM9.COM

Categories >> Accounting >> Accounting AllOther

Audit Interview Questions

CompanyAffairs CS Interview Questions

Taxation Interview Questions

Accounting General Interview Questions

Accounting AllOther Interview Questions

Question

How baddebts received effects in trial balance and 
balancesheet

Question Submitted By :: Bhavesh_2905

I also faced this Question!!

Rank

Answer Posted By

Re: How baddebts received effects in trial balance and balancesheet

Answer
# 1

If bad debts Received, it will affect the Profit and loss 
account. It wont affect balance Sheet. bad Debts will be 
allowed as deduction from total income. If received in next 
it will be taken in to P&L account under other income.

Is This Answer Correct ?

5 Yes

0 No

Mudunoori

Question	Asked @	Answers
Other Accounting AllOther Interview Questions


WHAT IS THIS ACCOUNT	Genpact	11
EXPAND_______________ULC		2
what is Reconciliation-NOSTRO,VOSTRO?	UBS	8
Expand ________CADE		1
Aravinds gross salary is 15000/-Pass entry adjusting 150 profession tax, Advance adjustment 1500/-		7
what is outstanding expenses		1
what is basic accounts rule?	Syntel	13
what is the accounting treatemnt for issuing material to a subcontractor on recovery basis?		2
Expand C B S		4
Short Answer on _________Cost Accounting		2
what is corporate action? wt is the purpose and tpes of corporate actions?	Ness-Technologies	2
where do u get credit opening balance?		3
Please explain Undistributed Profits?		1
expand M H A		1
What is the difference between Receipt & Payment Account and Income & Expenditure Account?	TATA	5
why we use the term profit and loss account instead of profit or loss account	Syntel	3
I am a new person to Accounting but i want to learn it. Pls help me by sending BASICS Information,reference books and websites.		1
Operating Income means--------------------------		1
what is repo and revers repo ?why they need to use in stock market ?	ICICI	1
what is journal entries for cheque dishonored?		8

For more Accounting AllOther Interview Questions Click Here


Copyright Policy \| Terms of Service \| Help \| Site Map 1 \| Articles \| Site Map \| Site Map \| Contact Us \|

Copyright © 2007 ALLInterview.com. All Rights Reserved.

ALLInterview.com :: Forum9.com :: KalAajKal.com