while preparing a cost sheet , should bad debts be treated as selling and distributive overheads or is should be treated as loss and deducted from sales???
Rupesh
4 Replies
Vikas Agarwal
(C.A)
(20 Points)
Replied 06 June 2008
Bad Debts should be disclosed in cost sheet under the head Selling and Distribution overheads
Ankit kansal
(Professional)
(43 Points)
Replied 06 June 2008
Hi,
there are different-2 arguments regarding the treatment of Bad debts.According to some authors it should be treated as selling and distribution exp but according to other it should not treated as selling & distribution exp.But it is better to treat the same as selling and distribution Exp.
Regards,
Ankit Kansal
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
