Interested to Buy Any Domain ? << Click Here >> for more details...
whether baddebts can be charged for sundry creditors
- 3 Answers
- 6231 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Sundry Debtors & Sundry Creditors are two different groups
in Accounts & the former represents assets & the latter
liabilities. Bad debts should be charged of the Profit &
Loss A/c of the relevant period and can not be adjusted
against sundry creditors.
However if the debtor from whom money is receivable fails to
pay and it becomes bad debt ; Same debtor has supplied some
goods or provided services and the company owes him the
money, then the bad debt can be set-off against the money
payable to the same party under Sundry Debtors towards the
goods or services received.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / neeraj
No it cannot be Charged because it will increase the income
and the same amount will be Party's debtors
| Is This Answer Correct ? | 0 Yes | 1 No |
Data flow of Accounts payable to General ledger?
Is a purchase return revenue?
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
What is the difference between consumption and production
for life insurance company, premium received from client is an asset or a liability.
distinguish between price rate and time rate?
What is securities market?
16 Answers Capital IQ, JKG Securities,
What is accounts payable?
EXPAND___________MAT
how we could adj. the entries of prop. & firm in merging time
what is the meaning of fbt? tell me diffrent type of fbt rate? & when it will consider in accounting?
EXPAND___________INMA
Audit 
