Interested to Buy Any Domain ? << Click Here >> for more details...
what is the journal entry for bad debts?
- 32 Answers
- 86639 Views
- Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mamoon ali
Dr. Bad Debts
Cr. Provision for bad debts
when bad debts occurs :
Dr . Provision for bad debts
Cr. Account Recievables (Debtors)
Dr. Profit & loss
Cr. Bad Debts
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / ashish sharma
@umar farooq....
Dear Brother...thts the ryt answr i was searching
for ....nobody has given the clear idea before of this....:)
@Abdussalam....dear for ur information,the provisons are
only me created on profit rather u created on bad debts
directly........cud u tell me the effect of your entry??....
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / appu prasad
Bad debts a/c Dr
To Debtors a/c
(opening entry)
If bad debts recovered then the closing entry will be
Bank a/c Dr
To Bad debts a/c
(Closing Entry)
Entry for Bad debt recovered
Bad debts recovered a/c
To Profit and loss a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shreekanth
First bad debt amount will transfer to bad debt reserve A/c
Bad debt a/c
to bad debt reserve A/c
after we not get refund from party then we will pass
bad debt reserve a/c
to customer a/c
Srikanth.arlur
cell no:9743905344
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / parimal rohatgi
Bad Debts A/c...... Dr.
To Debtors A/c-...Cr.
(Being the due not received from the debtors)
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / raman n
At the time of recognizing bad debt;
Provision for bad debts xxx
Bad debts (If bad debt exceed provision existing) xxx
To Sundry Debtors A/c xxx
Year end;
P&L A/c A/c xxx
To Bad debts xxx
(for amount reining in Bad debts A/c)
P&L A/c xxx
To Provision for Bad debts A/c xxx
(For provision calculated as required for the year)
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / rajkumar srivastava
bad debts a/c Dr XXX
To debtors a/c XXX
P & L a/c Dr XXX
To Bad debts a/c XXX
end of the Ay.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / saakshi jain
BAD DEBTS ACCOUNTS DEBIT
TO DEBTORS ACCOUNTS
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / santhosh
We have pass the Two entry.
Bad debts A\c Dr XXXX
To Debtors A\c XXXX
(Being the bad debts adjusted in Debtors A\c)
P&L A\c Dr XXXX
To Bad Debts A\c XXXX
(Being the bad debts consider the Loss)
| Is This Answer Correct ? | 0 Yes | 1 No |
What is SLR?
If I am forget to deposit TDS of An Party than what's the procedure to rectify it, Please mention in detail?
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
What is payment/receipt/period accruals?
What is LC (Letter of Credit)..?
bad debts means
please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to employee
6 Answers Morgan Stanley, Tops Technologies,
Received from Krishna Murthy Rs 26500/- in full settlement of due Rs 30000/-. Pass entry
Expand BEMS
what is actual meaning of Tax Deduction at source
This is a managerial finance question on capital structure - My capital expenditure is 40mil, and my forecast retained earnings are 15mil, my targeted capital structure is a debt ration of 40%. What is the amount of dividends and new common stock that the company will issue.
to attend interview for real estate company accounts
Audit 
