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Tilak Nagar, Delhi Details verified of Virender Pal Singh Gujral✕
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Share this profile Tilak Nagar, Delhi, India - 110018
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Class Location
Online class via Zoom
Student's Home
Tutor's Home
Years of Experience in Class 12 Tuition
5
Board
CBSE
Subjects taught
Accountancy
Taught in School or College
No
Answered on 09/12/2018 Learn CBSE - Class 11/Accountancy
Ask a Question
Post a Lesson
Bad debts
Irrecoverable debts because of insolvency.
Debit (Dr.) in P&L Account as it a loss.
On recovery to be credited in P&L account in Financial year it has been recovered.
Doubtful Debts
Debtors where there is uncertainity about their payment.
Provision is created for doubtful debts which is subtracted from debtors and debited to P&L account.
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Answers 12 
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Class Location
Online class via Zoom
Student's Home
Tutor's Home
Years of Experience in Class 12 Tuition
5
Board
CBSE
Subjects taught
Accountancy
Taught in School or College
No
Answered on 09/12/2018 Learn CBSE - Class 11/Accountancy
Ask a Question
Post a Lesson
Bad debts
Irrecoverable debts because of insolvency.
Debit (Dr.) in P&L Account as it a loss.
On recovery to be credited in P&L account in Financial year it has been recovered.
Doubtful Debts
Debtors where there is uncertainity about their payment.
Provision is created for doubtful debts which is subtracted from debtors and debited to P&L account.
Like 0 Answers 12 Comments Ask a Question
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