Interested to Buy Any Domain ? << Click Here >> for more details...
Supposed we raised the Bill to the party last year. Next
year party refused to pay the bill. Now I want write off
the ledger of that party. How i make journal entry?
- 2 Answers
- 6642 Views
- I also Faced
- E-Mail Answers
Answer Posted / saurabh jain
Another opinion on this regard is the party is not declared
bankrupt so the matter may be taken to court for resolving
the dispute so as per AS 29 we should not write off as bad
debts but we should just make a provision.
p&L ac Dr
to provision for bad debts
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
where does the closing stock appears in the trial balance?
Expand--------SOT
what are the financial ratios that a manager see in accounting?
What is the Memorandum voucher?
Define Salry for the following purpose 1.To calculate HRA
Why do you want to work for us?
Is interest of a business unit Operating Expense or Non Operating Expense
what is similarites between tata motors and airtel
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
give the examples of Error of Duplication?and Error of compensatin? with entries
how there face in lvbank interview
what is differred tax liability? explain in detail with some example.
what is dividend? how do the use an accountancy?
why are you selecting for the controlling area same company code?
