Interested to Buy Any Domain ? << Click Here >> for more details...
Tell me the General entry for provision for bad debts?
- 19 Answers
- 31282 Views
- Capita, JMD Group, JPMorgan Chase, LR, State Street, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ganga
Bad debts A/C Dr
to Debtors/customer A/C Opening entry
Profit& loss A/C Dr
to Bad debtors /C Closing entry
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shraddha kasalkar
bad debts a/c dr
to provision for bad debts a/c
| Is This Answer Correct ? | 5 Yes | 5 No |
Answer / swati jain
Provision for Bad Debts a/c Dr
To Bad debts a/c
Profit & Loss a/c Dr
To Provision For Bad debts a/c
(Being provision made out of profit)
Final entry being:
Profit & Loss a/c Dr
To Bad Debtsa/c
Provisions* are always made out of profits
* any type of provision
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / jagadish
Bad Debts A/c Dr
To Provisions for Bad Debts A/c
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / rahul kanojiya
Answer
1 Bad Debts A/c dr.
To Provision for Bad & Doubtful Debts Cr.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sandipan chakraborty
Provision for bad debts a/c Dr
To Profit & loss a/c
| Is This Answer Correct ? | 0 Yes | 3 No |
If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.
Expand ________FAQ
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
what is double entry system
objective of accounting
what is reconciliation ?
what is difference between depreciation and amortization ?
IF DEALER CAN SOLD A MATERIAL AT WHAT TIME THEY CAN CHARGE THE TCS
what is the basic function of accounting?
fill in the Blanks One Example of external users of accounting information_____
when i am running the bank statement import program in reconciliation module, in the program parameters when i try to select the statement numbers, the fields were showing the list of values contains no entries. Please help me out..
What is Deffered Tax?
11 Answers Ashoka Distillers and Chemicals, Capital IQ,
Audit 
