Answer Posted / vishal
Capital Market refers to market for long term securities
with original maturity of more than one year. Eg Stock ,
Govt Bonds etc
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state and explain THREE types of situation to which accounting concept might be applicable
EXPAND___________NBW
Provision of Bad Debts is made in compliance with the convention of -----------
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
business sepsarate entity concepts
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