what is proviosion for bad debts and provision for bad and
doubtfull debts

Answer Posted / s

procedure of provision are same for bad debts and doubtful debts and the entry for this:
bad and doubtful debts a/c dr.
to provision for bad and doubtful debts a/c

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell us what do you believe should be an important quality of an account executive?

544


i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive

889


what is the journal entry for gas connection taken by company for preparing tea and coffee.

1839


1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-

1429


Pls tell me the basic rules of accounts for interview in finanace or accounts section

1751






Do you know how many types of business transactions are there in accounting?

603


please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1372


what is one way , two way matching , three way , four way matching ?

1391


what is the amount withdrawlfrom other cbs branch by multicity chequ book.

1404


say something about your school

2511


sale cycle

1490


If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

937


Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1047


What does the abbreviation dr mean in accounting?

624


What is a ledger in regards to accounting?

636