0
What else can I help you with?
How you Calculate Provision for Income tax?
how to calculate provison for income tax
Could former President Bill Clinton be selected as the Secretary of State?
There's no Constitutional provison prohibiting it so, . . . yes. . . he could.
Which account is opened for provision for doubtful debts?
Provison for doubtful debts, under liabiliity, will be created by debiting bad debts account.
Why we treat provison for tax as current liability?
With the process of provision we create the amount and set aside to payment for taxes in future as it is payable in short term future that's why it is called current liability.
Can a landlord in WI take late fees from a tennnt's escrow No damages after move no nonstandard provison outside of lease landlord is in FL for good part of the yr Some payments may have been late?
If payments were late, then the money was owed. Yes, the landlord may take money owed.
Difference between provision for bad debt and reserve for bad debt?
Provisions and Reserves are the amount setaside out of profits. When the amount is set aside for a particular purpose it is called a provison. Examples for this is Provision for Baddebts and provision for Depreciation and Provision for Discounts on Debtors. when the amount is setaside for particular purpose is called a provision whereas Reserve is the amount setaside out of profit but not for particular purpose. In most cases provision is incorrectly described as Reserve. One cannot create Reserve for baddebts.
How do you prepare an adjusting journal entry to record bad debts expense?
Bad debts DR Allowance for doubtful debt CR Some accounting practioners may use provison for doubtful debts instead of allowance for doubtful debts. Example of bad debts, suppose a customer was unable to pay their debts totalling $150. This will be the journal entry for the transaction: Bad debts 150 Allowance for doubtful debts 150
What does descriptor mean?
It mean what you don't what does it mean.
What does mean mean in statistics?
Mean is the average.
What does GRI mean?
What does GRI mean? What does GRI mean?
What do the hardens mean mean?
The haudensaunee mean irguios
Do you say 'what does it mean' or 'what is it mean'?
The correct usage is "what DOES it mean"
