Interested to Buy Any Domain ? << Click Here >> for more details...
On January 20x2, the balances of ABC Ltd's provision of
doubtful debt account was $1510. During the year, a total of
3750 of account recievable was written of as bad debts. The
balance in the provision for doubtful debts account at 31st
Dec was 1450.
What is the total amount of bad debt recognised this year?
- 2 Answers
- 4639 Views
- I also Faced
- E-Mail Answers
Answer Posted / bhaskar unnikrishnan
Op Balance $ 1510
Bad Debt $(3750)
Add CY Balance $ 1450
Current year recognized $ 3,690
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is the difference between deferred revenue and accrued revenue?
Do you know what is double-entry accounting? Explain with an example?
Tell us how can you define departmental accounting?
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
How you can adjust entries into account?
Explain me is any difference between inactive and dormant accounts?
How do you prepare a balance sheet from a trial balance?
What is an accounting transaction?
Productive Investment is Working Capital. Is it correct?
What is a business transaction in accounting?
Do you know what is the importance of team work in this position?
Please give me a suggession to calculate the T.D.S,E.S.I,P.F, From salary which is in gross Rs. 15000/.
What are control ledgers?
Tell me what are things will not be included in bank reconciliation statement?
