BAD DEBTS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 October 2010
DEAR SIR
HOW WE WILL CREATE PROV FOR BAD DEBTS PLEASE GIVE ME ONE EXAMPLE AND WHAT IS THE DIFF BETWEEN PROV FOR BAD DEBTS AND PROV FOR BAD & DOUBTFUL DEBTS
HOW WE WILL CREATE PROV FOR BAD DEBTS PLEASE GIVE ME ONE EXAMPLE AND WHAT IS THE DIFF BETWEEN PROV FOR BAD DEBTS AND PROV FOR BAD & DOUBTFUL DEBTS
25 October 2010
Profit / loss account Dr.
To Prov. for bad debts a/c
Provision for doubtful debts is required when there is cahnce of doubtfulness.
Profit / loss account Dr.
To Prov. for bad debts a/c
Provision for doubtful debts is required when there is cahnce of doubtfulness.
Message likes :
1 times
25 October 2010
provision for:
BAD DEBTS &
BAD & DOUBTFUL DEBTS
means the same
BAD DEBTS &
BAD & DOUBTFUL DEBTS
means the same
Message likes :
1 times
taxindiaconnect
(Expert)
25 October 2010
Agree with Punit.
Message likes :
1 times
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