Bed debts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2012
My Company was paid sum of27794 to another employee as advanced on 25.03.10 but he left on 01.4.10 . he said i will not pay that amount
Can i treat this amount as bad debt
Can i treat this amount as bad debt
03 January 2012
Bad debts relates to only that unrecoverble amount which pertains to trade debtors and also that amount which we have considered as our income. As advance given to employee does not effect the profitability you can't treat that as bad debts. You can charge it through capital a/c but not through p&l a/c.
03 January 2012
Bad debts relates to only that unrecoverble amount which pertains to trade debtors and also that amount which we have considered as our income. As advance given to employee does not effect the profitability you can't treat that as bad debts. You can charge it through capital a/c but not through p&l a/c.
12 May 2012
It will not be treated as bad debts. Bad debts pertain to DEBTORS.
Treat it as loss of cash.
A better option will be to show as salary as the same will not be questioned.
Treat it as loss of cash.
A better option will be to show as salary as the same will not be questioned.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
