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How to treat the provision for bad debts which appear on
credit side of the p&L A/c.
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Answer Posted / shiva kumar 9848083705
PROVISION FOR BAD DEBTS IS GAIN OF THE COMPANY IT IS IN
APPEARS IN CREDIT SIDE OF THE PROFIT AND LOSS ACCOUNT
BECAUSE RULE OF NOMINAL ACCOUNT DEBIT ALL EXP AND LOSSES
CREDIT ALL INCOMES AND GAINS.
REGARDS S.SHIVA KUMAR
9848083705
| Is This Answer Correct ? | 16 Yes | 22 No |
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