what is the journal entry for bad debts?
Answer Posted / praveen singh
First entry will be:
Bad Debts A/C Dr xxxx
To Debtors A/C xxxx
Final entry will be:
Profit & Loss Account Dr xxxx
To Bad Debts Account xxxx
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An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
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