what is the journal entry for bad debts?

Answer Posted / ashish sharma

@umar farooq....
Dear Brother...thts the ryt answr i was searching
for ....nobody has given the clear idea before of this....:)
@Abdussalam....dear for ur information,the provisons are
only me created on profit rather u created on bad debts
directly........cud u tell me the effect of your entry??....

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Reserve Capital and Reserve Capital

1785


Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

1608


What is Mean By FRS for HQ reporting, How To Prepare?

1627


What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?

1812


Pls Explain Accounting Standered 1,3,11,29

1873






if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.

1470


At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?

1586


what is Accounting Standers?

1706


hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units

1676


What is Accounting on Computers

1574


Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com

2399


Expand---------MDOT

1573


Expand---------SDRT?

1462


Expand--------SRTA

1531


Expand RMP

1840