Bed debts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2012
My Company was paid sum of27794 to another employee as advanced on 25.03.10 but he left on 01.4.10 . he said i will not pay that amount
Can i treat this amount as bad debt
Can i treat this amount as bad debt
03 January 2012
Bad debts relates to only that unrecoverble amount which pertains to trade debtors and also that amount which we have considered as our income. As advance given to employee does not effect the profitability you can't treat that as bad debts. You can charge it through capital a/c but not through p&l a/c.
03 January 2012
Bad debts relates to only that unrecoverble amount which pertains to trade debtors and also that amount which we have considered as our income. As advance given to employee does not effect the profitability you can't treat that as bad debts. You can charge it through capital a/c but not through p&l a/c.
12 May 2012
It will not be treated as bad debts. Bad debts pertain to DEBTORS.
Treat it as loss of cash.
A better option will be to show as salary as the same will not be questioned.
Treat it as loss of cash.
A better option will be to show as salary as the same will not be questioned.
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
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- Invertaded duty struture
- FCRA 6 E- Intimation
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
