Difference between reserves for bad debts & provision for
bad debts.
Answer Posted / irfan khan
PROVISION IS KEPT WITH THE NAME OF A PARTICULAR LIABILITY
AND IT IS CHARGET TO PROFIT AND LOSS ACCOUNT WHERE AS
RESERVE IS KEPT FROM PROFIT AND LOSS APPROPRATION ACCOUNT
FOR GENERAL PURPOSE TO UTILIZE OR ORGANIZATION EXPANSION
Is This Answer Correct ? | 14 Yes | 5 No |
Post New Answer View All Answers
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.
what are cost accounting and its applications?
Do you use social media to identify prospects?
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?
What are the disadvantages of double entry system?
Contrast bookkeeping and accounting
what is the relationship between bookkeeping and accounting?
What do you know about this position?
Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.