banner_ad

Bad debts

This query is : Open 
Profile Image

Profile Image

(Querist)
26 April 2013 Dear All,

If company gives Deposit to Land Lord, Or company gives advance to creditors but does not recover it.

(Entry : Landlord A/c------Dr
To Bank

Can company claim this as Bad Debts ?

or It is covered under any other head ?

(Because I think for bad debts, debts should be out of credit to P&L)
Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
26 April 2013 Yes, For Claiming Baddebts Earlier You should Credit it to P&L Account.
(Except to Finance Company)For Those Principle Amt allowd as Bad debts.
Profile Image

Anwar Shaikh

Profile Image

Anwar Shaikh (Querist)
17 June 2013 Dear All,

If company gives Deposit to Land Lord, Or company gives advance to creditors but does not recover it.

(Entry : Landlord A/c------Dr
To Bank

Can company claim this as Bad Debts ?

or It is covered under any other head ?

(Because I think for bad debts, debts should be out of credit to P&L)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details