Basic query in accounting
This query is : Resolved
04 October 2013
Please tell me whether below entries are correct?
Estimating Bad debt based on Receivables
Bad Debt a/c Dr
To provision for doubtful Debt a/c
P&L a/c Dr
To Bad Debt a/c
Writing off account receivable
Provision for Doubtful Debt a/c Dr
To Debtors a/c
Recovery of Account receivable write off
Debtor A/c Dr
To provision for Doubtful Debt a/c
Cash a/c
To debtor a/c
Provision for Doubtful Debt a/c Dr
To P&L a/c
I will be very much thankful to you.
Estimating Bad debt based on Receivables
Bad Debt a/c Dr
To provision for doubtful Debt a/c
P&L a/c Dr
To Bad Debt a/c
Writing off account receivable
Provision for Doubtful Debt a/c Dr
To Debtors a/c
Recovery of Account receivable write off
Debtor A/c Dr
To provision for Doubtful Debt a/c
Cash a/c
To debtor a/c
Provision for Doubtful Debt a/c Dr
To P&L a/c
I will be very much thankful to you.
05 October 2013
Hi
It is correct!
Thanks//VaibhavJ
It is correct!
Thanks//VaibhavJ
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- PF wage ceiling
- ITC BENEFIT ON BROKRAGE PAID
- TDS refund Indemnity Bond
- Taxation on Old jewellery sold
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- GST ISD Query on various AMCs
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
