Debtors long due aed.175,0&aed 10,0 is for provision.negotiated by customer pay 150,0 as final settlement?watz the journals?

Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Next Question:
ABC Co. incurs expense of $500 on 31/12. The supplier's invoice states that the...
Posted by:
abdelaziz allam
11-February-2016

A customer has to pay long due debt balance of Dhs.175,0/-.Finally customer negotiated to Pay only Dhs.150,0/-as full and final settlement and company agreed it.Before company kept Dhs.10,0/-as Bad debts provision for the same due?Company receive the money(Dhs.150,0) as bank transfer?What are the journal?

Accounts Payable Accounts Receivable

Question ajoutée par ABDUL MAJEED KUNNAM PADATH , Chief Accountant , Arab building materials
Date de publication: 2013/10/12

Apprécier (1) Vues (23) Suiveurs (0) Réponses (2) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

2 Réponses

par Shaji Menhal , Deputy Manager Project Accounting & Commercial , Sterling and Wilson Solar Limited

Dr. Bank 1500 AED

Dr.Provision for Bad Bebt 100 AED

Dr. Bad Debts(Expense) 150 AED

Cr. Debtor(Customer) 1750 AED

Déprécier Réponses () Rapport

Khaja Moinuddin

par Khaja Moinuddin , Group Assistant Financial Controller , Confidential

Journal Entry;

Bank - Debited1500, Provision for Doubtful Debt100 Debit and Bad Debts150 Debit and

Customer - Credited1750.

Déprécier Réponses () Rapport

Recherches Populaires

Offres d'Emploi Vendeur Offres d'Emploi Ingénieur Offres d'Emploi Technicien Offres d'Emploi Comptable Offres d'Emploi Chauffeur

Ecrivez Votre Réponse

More Questions Like This

If a customer asks you to perform tasks/ services that are out of your company contract, and asks you not to inform your company, what would you do?
Top Answer: It is a very sensitive and dangerous situation that can happen quiet offen. I woudl say that the decision ... Voir Plus

Réponses (30)
Debt-Equity Ratio, Proprietary Ratio, Interest Coverage Ratio?
Top Answer: Debt/Equity Ratio is a debt ratio used to measure a company's financial leverage, calculated by dividing ... Voir Plus

Réponses (1)
Can you imagine the Customer Experience in the absence of a human touch?
Top Answer: No, it is the very essence of everything. Voir Plus

Réponses (38)
What are some of the best companies to Outsource Web & Mobile Application Development in Dubai, UAE?
Top Answer: WebClues Global being one of the best ECommerce Mobile App Development Company, exactly knows what best f ... Voir Plus

Réponses (5)

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?

Obtenir de l'aide