Bad debts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2014
How is bad debts treated in Profit and loss account and balance sheet?
21 February 2014
Record on debit side of P&L A/c. And deduct with Debtors on Assets side of B/S.
Message likes :
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21 February 2014
P& l A/c is dr
(-)from debtors in bal sheet.
(-)from debtors in bal sheet.
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1 times
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