Answers were Sorted based on User's Feedback
Answer / kamlesh kumar singh
In most of the organisation , it is certain that the whole
amount of debtors will not realise in future.And for this,
at the end of the year Provision for doubtful debt is
created and after that those amount which are not realised
from debtors after discussion from debtor written off by
reducing the provision.
1)Profit and loss a/c --Dr
To,Provision for doubtful debt a/c
2)Provision for bad debta/c--Dr
|Is This Answer Correct ?||12 Yes||0 No|
Answer / rakesh sharma
At the time of provision:
Bad Debts A/c ....................Dr
To Provision for Bad Debts Cr
At the time of bad debts:
Provision for Bad Debts ..........Dr
To Debtors (A Ltd) Cr
|Is This Answer Correct ?||7 Yes||0 No|
Answer / tushar
THE AMOUNT WHICH IS IRRECOVERABLE FROM CUSTOMER.
BAD DEBTS A/C DR.
TO CUSTOMER A/C.
|Is This Answer Correct ?||3 Yes||0 No|
Answer / krrish
bad debts a/c Dr
To sundry creditors a/c
|Is This Answer Correct ?||0 Yes||3 No|
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.
what is deferred income & deferred revenue expenses
ABC Ltd is a company. Can ABC ltd send debit note to debtors?. what are you situation to send debit note to debtors ?
wat is accounting entity
Why the provision is considered as expense and reserve is considered as liability even if they both are allocated as precautionary for specific and general purpose? pls Explain.
Which type of stock show in trail balance. Op. Stock or Cl. Stock & Why?
what is MD050
april'13 salary we paid in aug'13 what is the entry in books
what is the difference between journal entry and journal voucher
Differentiate accounting and auditing?
what is the accounting treatment in tally of free goods received with goods purchased.