Answer Posted / manikandan
1. Provision for Bad Debts
P&L a/c Dr
To Provision for Bad Debts
2. When we are closing
Provision for bad debts a/c Dr
To Debtors
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
describe any accounting process that you have developed or revised
Explain miscellaneous expenditures & profit and loss account debit balance
What is an adjusting journal entry?
What is general ledger account?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
Do you know balancing in accounting?
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
service tax calculated on agreement value or market value whichver is higher for builders?
How do you add/remove a payment block for particular invoice ?
when the ABC's personal bank to to his business bank money transferred(paid) then how to pass the entry.
Tell me the stages of double entry system?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
what is difference among credit, loan, advance