Interested to Buy Any Domain ? << Click Here >> for more details...
What is journal entry to create the Provision for Bad &
Doubtful debts?
- 13 Answers
- 92349 Views
- ABS, Infosys, I also Faced
- E-Mail Answers
Answer Posted / kapil kumar
P&l account debit
To Provision for bad debts
(Being provision is created for bad debts)
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
on what rate depreciation will be calculated?
What is project implementation?
Tell me what do we mean by purchase return in accounting?
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
What is the difference between accrual
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
Differentiate accounting and auditing?
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
Tell me what is trial balance in accounting?
How to make deductions of the employees from salary against the loan in AP module oracle R12
