Interview Questions Answers in Accounting General, Accounting AllOther

rajukharade

{ City } kolhapur
< Country > india
* Profession * lecturer of accountancy
User No # 57802

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Questions / { rajukharade }

Questions Answers Category Views Company eMail

can we issue bonus shares at premium? how?

2 Accounting General 11769

in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

Accounting General 5012

what is difference between rebate and discount? generally in bill of exchange accounting

1 Accounting General 7214

Answers / { rajukharade }

Question { Capita, 30591 }

Tell me the General entry for provision for bad debts?

Answer

when provision is made
p&l a/c---dr
To bad debt provision a/c

when loss on account of bad debt recovered from bad debt
provision
bad debt a/c dr
To bad debt provision a/c

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