Answer Posted / shobh nath ram
PROVISION FOR BADEBT IS A CHARGE AGAINST PROFIT WHICH IS CREATED OUT OF PROFIT.SUCH TYPE OF PROVISION IS CREATED TO MITIGATE THE CONTINGENT LOSS.PROVISION IS ONLY CREATED IF ITS PROVIDE THE FURTHER EVIDENCE OF CONDITIONS.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB
What is the difference between the accrual accounting and cash accounting?
how to pass journal entries for reverse tax on input tax paid
what is a register when referring to accounting or bookkeeping?
Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??
in terms of accounting the trial balance when is it taken?
What is an Automatic Payment Program ?
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
Differentiate between consignor and consignee?
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
How can you made payment when bill come from vendor, what is the bills have you check.
Describe me accounting rules
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
Give ONE reason for Balance Sheet to be out of balance
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect