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

Question Posted / sarvpreet

Answers were Sorted based on User's Feedback



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

Is This Answer Correct ?    19 Yes 0 No

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

Is This Answer Correct ?    2 Yes 0 No

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

Is This Answer Correct ?    2 Yes 2 No

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

Answer / srinathmba.lalaji

on the credit

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

Answer / amar sharma

it effect on asset side,bad dept. deduct on debtors in balance sheet and P&l a/c.,

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

Answer / kishore aggarwal

In my opinion

IT IS DIRECT DR IN P/L A/C NOT CONSIDER IN B/S

Is This Answer Correct ?    0 Yes 0 No

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