Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??

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Where it will effect in the Balance sheet, Rs. 5000/- of
Bad Dept ??

Question Posted / sarvpreet

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Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??..

Answer / divya

it ll effect on the asset side of the balance sheet,and shd
b deducted form the debtors

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Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??..

Answer / sandhya

it will effect asset side in the balance sheet.

journal entry:

Debtors
(-) Bad debts

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2 Yes

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Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??..

Answer / vasuki

if bad debts is given in Adjustments, then first it should be in expenses side of Profit and Loss account. And Please remember, Bad debts is loss, obviously it will be appear in Liability side. In case of return off, then it will deducted in Debtors which is appearing in Asset side of the Balance sheet.

Remember "Bad Debts" is loss

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Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??..

Answer / supriya

assets

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2 Yes

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Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??..

Answer / srinathmba.lalaji

on the credit