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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2010
how to make entry for bad debts
Rahul Gupta
(Expert)
15 July 2010
Bad Debts A/c....Dr
To The party A/c...Cr
Bad debts is to be grouped as expenses and will be charged to P& L a/c.
Alternatively, in case provision for Doubtful debts has been created in past , then the entry will be
Bad Debts A/c....Dr
To Prov. dor D/Debts A/c...Cr
To The party A/c...Cr
Bad debts is to be grouped as expenses and will be charged to P& L a/c.
Alternatively, in case provision for Doubtful debts has been created in past , then the entry will be
Bad Debts A/c....Dr
To Prov. dor D/Debts A/c...Cr
CA Ravi Sisodia
(Expert)
15 July 2010
agree with rahul, next entry --
P&L a/c Dr.
to bad-debts a/c
P&L a/c Dr.
to bad-debts a/c
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