what is proviosion for bad debts and provision for bad and
doubtfull debts
- 4 Answers
- 10846 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
how can i calculate annual turnover for a construction company
6 Answers Coss Construction Company, Sun Construction,
what is Finalization of Accounts?
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
what is the definition of derivative, what is a security?
what is deprisiation?what is upprisiation?what is bill receable and payable
I am working in govt. sec. How to make journal entry in books for Fix Deposit
3 dost 1 hotel me khana khne gye to unhone 75 rupye diye aur hotel ki malik ne unhe 5 rupaye wapas diya aur 2rupye water ne rakh diye aur une 1,1 rupye diye aur 1 rupya kha gya
what is journal entry for outstanding bills payables?
contingent goods?
step by step TDS voucher entry in Tally 9 Please
what do you mean by the word Purchase
What software applications have your used for accounts receivable?
Audit 
