Provision account
This query is : Resolved
02 February 2013
Dear sir
I made one entry for creating pro.for doubtful a/c
1,bad debt a/c dr 10,000/-
to
prov.for doubtful a/c 10,000/-
2,prov.for doubtful a/c 10,000/-
to
account receivable
after some time i received the above cash
i made entry like this
3,cash a/c 10,000/-
to
receivable 10,000/-
4,account receivable 10,000/-
to
prov. for doubtful 10,000/-
5,prov.for doubtful a/c 10,000/-
to
bad debt a/c 10,000/-
sir this entry which i have passed is correct or not please help me
I made one entry for creating pro.for doubtful a/c
1,bad debt a/c dr 10,000/-
to
prov.for doubtful a/c 10,000/-
2,prov.for doubtful a/c 10,000/-
to
account receivable
after some time i received the above cash
i made entry like this
3,cash a/c 10,000/-
to
receivable 10,000/-
4,account receivable 10,000/-
to
prov. for doubtful 10,000/-
5,prov.for doubtful a/c 10,000/-
to
bad debt a/c 10,000/-
sir this entry which i have passed is correct or not please help me
03 February 2013
Hey..
Your entry no. 2 is not needed, since by doing so you are writing off Receivables...
So entry no. 2 & 4 is not required..
Rest all is fine..
Thanks!!
Your entry no. 2 is not needed, since by doing so you are writing off Receivables...
So entry no. 2 & 4 is not required..
Rest all is fine..
Thanks!!
Message likes :
1 times
23 July 2013
I agree with the exprt
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