Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


what is proviosion for bad debts and provision for bad and
doubtfull debts

Answers were Sorted based on User's Feedback



what is proviosion for bad debts and provision for bad and doubtfull debts..

Answer / sanjay lashkari

Provision for Bad debts-
It is used along with the account Accounts Receivable in
order to report the net realizable value of the accounts
receivable.

Provision for bad and doubtful debts-A doubtful debt is a
debt, which the business considers may not be paid.

Is This Answer Correct ?    6 Yes 3 No

what is proviosion for bad debts and provision for bad and doubtfull debts..

Answer / anil ahuja

bad debts a/c Dr
Party a/c Cr
































Is This Answer Correct ?    2 Yes 0 No

what is proviosion for bad debts and provision for bad and doubtfull debts..

Answer / saiyad aejaj

in account bad debts are carryforward in p/l a/c but we
also create provision if we create this account we credit
baddebts balance to this account and doubtfull debt also

Is This Answer Correct ?    3 Yes 2 No

what is proviosion for bad debts and provision for bad and doubtfull debts..

Answer / s

procedure of provision are same for bad debts and doubtful debts and the entry for this:
bad and doubtful debts a/c dr.
to provision for bad and doubtful debts a/c

Is This Answer Correct ?    1 Yes 0 No

Post New Answer



More Accounting General Interview Questions

What is accounts receivable?

0 Answers  


Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

0 Answers  


What is BRS ?How do you prepare the BRS?

7 Answers  


how long we keep invoices for recivables and there is any neccesary to keep delivery challans

2 Answers  


what is mean by sample account and data transfer rule in SAP FI?

0 Answers  






What is the dual aspect concept?

0 Answers  


what is a journal entery of goodwill?

15 Answers   Capital IQ, Genpact, Sujana,


what is matching concept

10 Answers   Capital IQ, ITC Infotech,


ACCOUNTING CONCEPTS AND CONVENTIONS

4 Answers   Bank Of America,


what is runing finance?

2 Answers  


In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/

0 Answers  


April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

0 Answers  






Categories