Interested to Buy Any Domain ? << Click Here >> for more details...
What is bad debt ? how does it effects on Balance sheet and
profit and loss account?
- 5 Answers
- 14435 Views
- I also Faced
- E-Mail Answers
Answer Posted / pihu
In business there are some sundry debtors who did not turn-up
and clear their balances and are hard to be recovered. The
amount lying with these debtors are known as bad debts.
Entry in P/L Account. Bad debts are shown in the debit side
of the P/L account.
Entry in Balance Sheet. Sundry debtors will be less by bad
debts amount.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
What is the mening of uidnvhe.?
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
What is PE ratio formula ?
Comments Elements in accounting
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
What is Free Cash?
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
we want all sbi previous questions papers in our e.mail krishna2043 on yahoo
differnce between the 4.7 & 6.0 versions?
What is Direct Debit
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
what is difference between account and accounting
