Dear friends,

I have a doubt regarding bad debts provision. what happened was in order to bring down profit, i picked some old debtors and transferred them to bad debts account.But instead of crediting the debtors ledger i created another head under debtors as provision for doubtful and bad debts and passed the entry as follows :

Bad Debts a/c Dr
To Provision for Bad & Doubtful debts.

My question is in case after mayb 1 or 2 years if any of the above debtors settle or give us credit note, what will be the treatment in that particular year..such that the amount can be credited from the debtor account and provision for bad and doubtful debts account too..

Pls reply asap and thanks a lot for the reply in advance...

Dear sir

in one my clients accounts, pre operative expense of Rs 12000 was capitalised along with fixed assets and depreciation was charged on the total amount in the next years.
is'nt it wrong?
how should we treat it?

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Dear Experts,

Pls suggest me what will be the journal entry for following transaction.

"Last year Educational trust is working on Cash Basis so the trust is not calming the depreciation on Fixed assets but due to audit objection trust changes its method to mercantile basis in current year, so pls tell me what will be the entry for calming depreciation for last year and current year in the books of accounts for current year"

We are a ltd. co. and want to pay dividend for financial year 2010-11. So we want to declare the same in upcoming AGM on 30.09.11.
Is it ok to pay dividend for 2010-11 in sep. 2011?
And whether we have to show the amount of such dividend in the balance sheet for the year 2010-11 as proposed dividend?
Plz clarify & oblige.

Regards
Dinesh Malik

two invoices
1st 94490 of month april
2nd 431857 of month may
With 3% service charge & 10.30% service tax
But we Payment It Total amount Of 526347
without deducted tds 1%. It si propship company
how can i calculate tds amount with interest
& can I deducted Tds next Month Against New bill.

i m student in fY bcom so plz tell mi about my quary give ans. as early as possible.

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