Interested to Buy Any Domain ? << Click Here >> for more details...
How do we treat Bad debts... how to create
provision/reserve for bad debts? show an example journal...
for creating provision and then writting off debtors
- 7 Answers
- 31114 Views
- Axis Risk Consulting, I also Faced
- E-Mail Answers
Answer Posted / akhtarzeb
treatement of Bad debts following is the example
Suppose Account Receivabel is 2000
at the of the year it has been estimated that 500 is bad
detdts
so it wil be calculate as
Account receivable-Bad debts
Bad dets Dr 500
Account Receivable Cr 500
it will be deducted from Account Receivable
Treatement of Provision or reserve for bad debts
Profits and lOSS a/c Dr
Reserve for bad debts Cr
Note Reserve for bad debts will be calculate from Profit
therefore profit and loss a/c will be debited
| Is This Answer Correct ? | 52 Yes | 28 No |
Post New Answer View All Answers
difference between contra entry and double entry?
total capital stock
Expand---------PDBC
Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
Can you explain about the distinction of Book-Keeping and Accounting
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
EXPAND_________SEC
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
How do we return the loan in equal installments with interest in tally
plz tell me short cut method in maths for clerck post in bank
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
explain the difference between LIFO and FIFO?
