Hi Can any one Forward to my mail ID nag.sai1983@gmail.com As to what is the pr

Hi Can any one Forward to my mail ID nag.sai1983@gmail.com
As to what is the procedure for accounting the Bad Debts A/C

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Hi Can any one Forward to my mail ID nag.sai1983@gmail.com As to what is the procedure for accounti..

Answer / majid khan md

Hey i too want to know plz anyone answer this....

Thanks & regards,
MMK.

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Hi Can any one Forward to my mail ID nag.sai1983@gmail.com As to what is the procedure for accounti..

Answer / jo

Hi
Bad debt treatment is done through a special gl account.
An individual value adj a/c is created as a Special GL
account with indicator 'E'(also as a reconciliation
account) and an expense account is created for bad debt
expenses.

Define an individual value adjustment key (for individual
value adjustment as against flat rate adjustment).

Assign the key to customer master.

Execute the value adjustment.

the system will post a debit to bad debt expenses and a
credit to individual value adj a/c.

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