Answer / mudunoori

If bad debts Received, it will affect the Profit and loss
account. It wont affect balance Sheet. bad Debts will be
allowed as deduction from total income. If received in next
it will be taken in to P&L account under other income.

definition of bank guarantee and use

2 Answers   Godrej,

---

what is the distinction between Bill of Exchange and a Cheque

5 Answers  

---

Expand---------BCDS

3 Answers  

---

what is the meaning of call in arear

0 Answers  

---

What are liabilities

3 Answers  

---

---

what are the security data points

1 Answers  

---

What is RTGS system and when it was formulated and who?

2 Answers  

---

Will out standing expenses falls under preliminary expenses in balance sheet are not

2 Answers  

---

what is bank reconsillation statement?

5 Answers   Brac Bank, Ventile, WNS,

---

Preliminary expense of company?

3 Answers  

---

for life insurance company, premium received from client is an asset or a liability.

1 Answers   ITC Infotech,

---

what is the diff between reversal and cancellation entries?

3 Answers   ABN AMRO,

---