Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

How to treat the provision for bad debts which appeared on
the credit side of the P&L A/c?

Answer Posted / srivalli

Bad debts will be written off by the company as an expense.
so, it will taken on the Dr side of P&L account where as
reserve for baddebts is taken on the Income side i.e on cr
side of P&L account. In the B/S baddebts will be deducted
and the reserve shall be added to the Debtors.

Is This Answer Correct ?    11 Yes 10 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books

2316


it is better to invest in which securities short term/long term or both? please reason4 the same

2068


what is Functional Specification in SAP FICO?

1082


what happens to each of the three primary financial statements when gross margin decreases?

2086


wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

2153


About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?

2105


Expand----------CMST

2260


What is Mean By FRS for HQ reporting, How To Prepare?

2119


please send me last 3 years question & solution

2165


DEfine SAP

2129


EXPAND___________INMA

2020


Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1958


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

2515


HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

3542


Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.

1953