How to treat the provision for bad debts which appear on
credit side of the p&L A/c.
Answer Posted / amjad faqih
Hello every one,
I do agree with Mr. Surya kumar but want to add little more
in answer once you received your money after 2-3-4 years
then what would be the entry as following.
cash/bank ----- Dr XXXX
To provision for bad deb (P&L) ----Cr XXXX
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
what is Rectification of Errors ?
explain the difference between LIFO and FIFO?
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
Clasify capital
what is Journal Entries?
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
With a 600 credit score, how to improve my credit rating score?
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
Why does one need a broker?
Can anyone expain.. why the sensex is in points. And why the ratios is calculated. In what way its uesfull to the organisations
why should the company give first perference to the perference shareholders?
Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000
Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector
I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.