on 09-29-2008 9:24 AM
hi
guys i have one doubt. can any one tell how to post the entry (bad debts), what we will transfer in f103 (t code).
i have the configuration notes on it. but i didnt understand how to do it.
thnx for the reply
ashok
Hi,
Once you have maintained, the configuration for 'Reserve for Bad Debts', which includes the method of identification of doubtful debts based on the no of days / months for a particular transaction and the rate of provision for doubtful debts; and also includes the account determination, you have to execute the following:
F103- this Tcode identifies the transactions which are doubtful in nature and such transactions are parked in a different recon account maintained.
F104 - this Tcode actually makes an entry for the provision for doubtful debts.
Hope this is clear.
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Hi,
Suppose Sundry drs recon 21000000, bad debts recon account 21100000, Provision for Bad debts (exp)(posting key 40) Provision for Bad debts (liab)(posting key 50)
then the entries are as follows:
Sales:
Customer Dr (Recon 21000000)
To Sales
F103:
Customer Dr (Recon 21100000)
To Customer Cr (Recon 21000000)
F104:
Provision for Bad Debts (exp) Dr
To Provision for Bad Debts (Liab)
Presentation in Financial statements:
Sundry Debtors (considered good) 100 (21000000)
Sundry Debtors (considered doubtful) 10 (21100000)
Total 110
Less: Provision for Bad debts (liab) 10
Net 100
Hope this is clear.
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