Sir, I want to know whether provision for bad debts is a Real/Personal/Nominal account and reason for the same.
Menu
Provision for bad debts
Replies (4)
its a Nominal Account, because u have debited this account as an expenditure ......
Regards,
Harish Bansal
I agree with harish
same as above
Nominal Acct...as Dr. in P&L ....
Recent Threads
- Foreign Dividend earn
- TDS on Salary deducted but not paid by the employe
- GST INVOICE NOT SHOWN IN GSTR 1
- Turnover in AIS summary
- How to treat unutilised capital gain account schem
- What to do / how to handle about Capital receipt s
- How to show SGB interest in iTR
- How to file income tax return of ATM franchisee bu
- ITR Filing in case of deceased person
- Stuck with Schedule FSI in ITR 3
Related Threads
CAclubindia
