Accounts Receivable

No! Accounts receivables is treated as an asset element in the balance sheet, and crediting an asset means decrease in asset.

Accounts Receivable is classified as an Asset. Assets have a normal Debit balance. If you mean to say that the customer has paid off some of the amount in their account, then the amount is listed on the Credit side and in the Debit side of the Cash account. If they have bought supplies on the account (owe you money) then the amount is put into the Debit side.

There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.

When any company purchases supplies or materials on credit from vendors then accounts payable are created and it is shown in liability side of balance sheet. If goods are not purchased on credit then no accounts payable will be created. Accounts payable are created to fulfill the matching concept of accrual accounting system.

Provision for taxation is current liablity

Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.

yes.

Yes, accrued taxes are considered current liabilities. They represent taxes that a company owes but has not yet paid, typically due within one year. This classification reflects the obligation to settle these amounts in the near term, aligning with the definition of current liabilities on the balance sheet.

bad debt

Yes , I guess

Purpose to report is to show that how much portion of long term debt will be paid or payable in current accounting year that's why that portion became current liability and not long term liability.

Account receivables are always assets. It's money that is owed to you by another. The length of time in which that money is expected to be collected determines whether it's a current asset or long term asset.

Rent expense is an expense.

If you pre-pay it (prepaid expense), it is a current asset, because you are generally only going to be prepaying it for like a month or so in advance..

Current asset - financial benefits received within 12 months.

Non-current asset - financial benefit received beyond 12 months.

reduce the capital in business

Salaries expense is not a permanent account because it will ultimately be closed to retained earning account at the end of fiscal year and from new year salaries expense account start with nill balance.

debit revenue and credit receibables

3n10 net30

This is usually the way it's stated (or something similar)

2n10 net 30 means a 2 percent discount if paid within in ten days of the invoice date with full payment due in 30 days. So 3n10 would describe a 3 percent discount.

certificate of origin A/C... DR

To cash A/c.....CR

Yes, rent receivable is considered a current asset. It represents amounts due to a business for rent that is expected to be collected within one year or within the operating cycle, whichever is longer. As a component of accounts receivable, it reflects cash that is anticipated to be received in the near term, thereby supporting liquidity.

That is correct. If someone owes me money, then that is money that I am going to receive, if the loan is paid, hence that account can be classified as accounts receivable. If there is money that I owe, which I therefore intend to pay, then that is classified as accounts payable.