Interested to Buy Any Domain ? << Click Here >> for more details...
what is journal entry of reserve for doutful debts.
- 3 Answers
- 7647 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / arjun kumar
debit the company reserves a/c
credit the reserve for doubtfil debts A/c
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / genius
Reserve for doubtful debts or Bad debts
Profit & loss A/c.......Dr.
To Provision for bad debts or doubtful debts A/c
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / v sakkthivel
Reserve for bad debts
When sundry debitors fail to return for sum of amount ,
the company reserve some precentage of sum on surdry
debitors to waive off to avoid impending loss to the
compay .
Example: Sundry debitors Rs 2000
Bad and doubtful debts 200
Reserve for bad debts 15%
In assests side Sundry debitors 2000
Less reser for bad debts-300
bad debts 200 reserve is 300 exces 100
will be profit side of profit and loss account.( credit
side)
If bad debts exceeds the reseve will in profit and loss
account debit side
| Is This Answer Correct ? | 1 Yes | 0 No |
What allowances & % charged on Basic Salary. And what Benefits and its % charged on Basic Salary.
what is nifty
why the profit of a company is shown on the liabilities side in the balance sheet
hi to all this is sai i attend interview for genpact last week he asked me about BRS :if ur MD issued a cheque for his own insurance premium what u will do? this is the question plz give answer for this
13 Answers Genpact, Uttam Galva,
what is lease accounting?? please explain me....
What is a comprehensive income?
What is trial balance? What does an accurate trial balance suggest?
What information do you require before you approve an invoice for payment?
Why discount on issue of debenture is shown as ficitious assest in Balance sheet ..? same why preliminary expenses ia also shown as ficitious assets in Balance sheet :?
3 Answers Accenture, Cap Gemini,
what is SEC?
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
0 Answers Bank Of America, Genpact,
what is the nature of profit and loss approprition account.which entity prepare this.
Audit 
