Answer Posted / rahul jaiswal
In business transactions there are sometimes sundry debtors
not a paid amount and recover those debts we make provision
for bad debts i.e
Profit & loss A/c --- Dr
To Provision for bad debts A/c
Actually, those bad debts exenses are adjusted provision
for bad debts then entry in accounting voucher done:
Provision for bad debts A/c----- Dr
To bad debts A/c
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Explain in simple terms what is the difference between asset, equity, and liabilities?
What is "deposit in transit"?
director wife expenses which entry
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
Tell me the meaning of long-term notes payable is or long term liabilities?
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
What action could be taken by you and your manager to improve your performance in your current position?
What qualification do you need to become an accounting professional?
What are the criteria for accounting job?
WHY U HAVE CHOOSE ICWA WHY NOT CA
What does the word credit mean in terms of accounting?
Discuss the consistency concept in accounting
What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
what is service tax & excise? How will it be charged?