04-20-2010, 06:19 PM
Deat All.
I WANT TO KNOW ABOUT SOME THING IN RESPECT OF SUBJECT MATTER.
if we have an opening blnc
- in provision for bed debts account Rs. 17,000/-
and this year bed debts write off Rs, 15,000/- also pls notify that the closing debtors is Rs 600,000/-
and a provisioning is required @5% on closing debtors.
MY QUES IS THAT ;
- some teachers says that charge the difference amount of Prov.BED DEBT Account in Bed debt expence account( instead of directly charged in P/L Account) and the total amount of bed debts account
write off debtors + prov. difference should be reported in P/L Account.
- Some Teacher says that Charge bed debt expence in provision account ( instead of directly charging in P/L ACCOUNT) in case of provisioning has not maintain first time.
so, please provide that what is the correct process in above two cases.
Regard
Umar
I WANT TO KNOW ABOUT SOME THING IN RESPECT OF SUBJECT MATTER.
if we have an opening blnc
- in provision for bed debts account Rs. 17,000/-
and this year bed debts write off Rs, 15,000/- also pls notify that the closing debtors is Rs 600,000/-
and a provisioning is required @5% on closing debtors.
MY QUES IS THAT ;
- some teachers says that charge the difference amount of Prov.BED DEBT Account in Bed debt expence account( instead of directly charged in P/L Account) and the total amount of bed debts account
write off debtors + prov. difference should be reported in P/L Account.
- Some Teacher says that Charge bed debt expence in provision account ( instead of directly charging in P/L ACCOUNT) in case of provisioning has not maintain first time.
so, please provide that what is the correct process in above two cases.
Regard
Umar
