How to Determine Bad Debts Expense?

Answer Posted / vinotha.v

profit & loss A/c , debit side appear the bad debits
expenses.

the bad debits expenses calculated sundry debitors

Example:sundry debitors Rs. 10000/-
Bad debits @ 5%

Profit & Loss A/C debit side appear Rs.500.

10000*5%


Balance sheet assets side appear entry:

sundry debitors 10000

less: bad debits 500
_______
RS. 9500
______

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what happens to each of the three primary financial statements when capital expenditures decrease?

1586


1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

1573


what tax will be on puchasing of sweets and is necessery to use form 38.

1909


1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?

2008


What Is Depreciation, and from which date do we charge Depreciation for an asset ?

1659






Tell me about how you have left a position better than you found it

1528


How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?

2177


what can increase gearing?

1990


EXPAND___________NBW

1476


Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

1464


What is the Purpose of Preparing Bank Reconciliation Statement?

1608


what is the procedure for issuing th C form

2066


What is the process of VAT & CST Registration?

2013


please provide wct retun guide line how can prepaire that

1912


cany anyone explaing what are the functions of an Account Officer/Manager?

1650