Answer Posted / kamlesh kumar singh
In most of the organisation , it is certain that the whole
amount of debtors will not realise in future.And for this,
at the end of the year Provision for doubtful debt is
created and after that those amount which are not realised
from debtors after discussion from debtor written off by
reducing the provision.
Journal Entries:
1)Profit and loss a/c --Dr
To,Provision for doubtful debt a/c
2)Provision for bad debta/c--Dr
To,Bad Debta/c
Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
How the Depreciation will calculate in Company?
What is meant by daily accrual and booking?
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
Can you differentiate accounting and auditing?
Differentiate public and private accounting?
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?
What is mean by working capital?
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
Please explain the difference between provision and reserve?
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
Mention why some asset accounts have a credit balance?
Tell me what is the master account?