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Arun's Expert Profile

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About me

    What kinds of questions I can and can't answer?
    I can answer all income tax, audit, company law, FM and accounts queries. I can't answer regarding SEBI, and other act

    My area of expertise
    Income Tax, audit, Company Law

    My experience in the area (years):
    3 years

    Organizations I belong to:
    Kalani & Co.

    Publications or writing which has appeared :
    Taxman

    Educational credentials:
    CA

    Award & Honors:
    CA degree

  • umesh says : Accounts
    sir please tell me answer of this question ??? In a concern, the opening provision of doubtful debts is 51000. During the year a sum of 10000 was written off as bad debts . The closing balance of sundry debtors amounts to 630000. It was decided that 10% of the debtors is to maintained as provision . Calculate the closing balance towards the provision for doubtful debts and pass journal entry for the given effect of provision maintained ???