Interested to Buy Any Domain ? << Click Here >> for more details...
what is the journal entry for bad debts?
- 32 Answers
- 86410 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 |
Clasify Loss
What is trail balance? what is Profit & loss a/c ? what is Balance sheet?
most recently asked questions
Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
How baddebts received effects in trial balance and balancesheet
What is the Difference between Real Accont and Nominal Account?
16 Answers GE, KPMG,
Cash discount is allowed to the customer to encourage them - -------------
defination of letter of credit
debit note related to which returns?
what is eoq? WHAT IS ITS FORMULA
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.
Audit 
