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
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- TDS related Query_Liquidated Damages
- What is provisional receipt number for generation of form 16A
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
