Answer Posted / manikandan
1. Provision for Bad Debts
P&L a/c Dr
To Provision for Bad Debts
2. When we are closing
Provision for bad debts a/c Dr
To Debtors
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Do you know what is icai?
what are doucement required under registration of properity firm. give the answer breif
PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN
Mention in simple terms what is the difference between asset, equity, and liabilities?
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
What is Statory Books ?
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
Can you please explain the difference between differentiate between consignor and consignee?
What are the differences between contrast bookkeeping and accounting
calculations of pf
What is bond ? What is capital market?
What is customer account?
WHICH QUESTIONS ASKED IN EPFO IN 2009.
