FAS 114
This query is : Resolved
03 January 2011
HI All,
This is in regard with FAS 114 I wanted to know the journal entry for recognizing impairment of loans..I was unable to comprehend the journal entry :
Valuation allowance a/c..dr
To, Bad debts
as mentioned in FAS 114
Thanks
Pooja
This is in regard with FAS 114 I wanted to know the journal entry for recognizing impairment of loans..I was unable to comprehend the journal entry :
Valuation allowance a/c..dr
To, Bad debts
as mentioned in FAS 114
Thanks
Pooja
03 January 2011
The entry is as under:
Bad debt expense Dr (P&L)
To prov for bad debt (B/S)
Bad debt expense Dr (P&L)
To prov for bad debt (B/S)
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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- FEMA regulation Act. for inward remitance
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
