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
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
