Bad debt

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

04 December 2014  

Friends/Seniors

A company wants to write off its debt as bad without making provision for doubtful debt. The debt is continuing in the books for last 4 years.

What could be the statutory auditor's view regardig this. Is making a provision first and then writing off mandatory.

Regards,