while preparing a cost sheet , should bad debts be treated as selling and distributive overheads or is should be treated as loss and deducted from sales???
Rupesh
Menu
COST SHEET
Replies (4)
Bad Debts should be disclosed in cost sheet under the head Selling and Distribution overheads
Hi,
there are different-2 arguments regarding the treatment of Bad debts.According to some authors it should be treated as selling and distribution exp but according to other it should not treated as selling & distribution exp.But it is better to treat the same as selling and distribution Exp.
Regards,
Ankit Kansal
thanks
OK
Recent Threads
- ITR-2 Payment Made but Status Not Updated
- Need help for ITR filing
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
Related Threads
CAclubindia
