Depreciation
abhijeet (student) (51 Points)
26 December 2013abhijeet (student) (51 Points)
26 December 2013
Hojefa
(Ca final)
(178 Points)
Replied 26 December 2013
Dear,
Depn -Dr Bala (Non-cash exps)
Depn Provision- Credit Bala (Provision created for depn instead of direct charge/ crdit to asset a/c) entry .depn dr to depn prov & depn prov stud in l/bty prov side & depn trf into p& l A/c.& no effect on asset.i.e it cnt be dr or crtd.
Bad Debt- dr bal ( Expense)
Bad debt provision- Credit bala (provision created for non-receipt of money from debtors i.e from P& L A/c) entry . P&l A/c dr to bad debt provision n stud in bs l/bty provision side or P&l A/c dr to bad debt provision n bad debt prov dr to debtors a/c (so bad debt prov trf into debtors a/c which we were doing in 11 & 12th std final a/cs.) hence impact of dr bala n credit balance are alws same.
abhijeet
(student)
(51 Points)
Replied 26 December 2013
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