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Bed Debt and Provision.

 
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Bed Debt and Provision.
[email protected]
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#1
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
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Messages In This Thread
Bed Debt and Provision. - by [email protected] - 04-20-2010, 06:19 PM
[No subject] - by Star - 04-21-2010, 02:23 PM
[No subject] - by [email protected] - 04-21-2010, 05:50 PM
[No subject] - by imdad1 - 04-21-2010, 06:46 PM
[No subject] - by [email protected] - 04-21-2010, 07:00 PM

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