Bad debts written off in companies act


This query is : Resolved 

Quick Summary
This discussion clarifies the accounting treatment for bad debts written off by companies under the Companies Act 2013. The consensus is that bad debts written off should be charged to the Profit and Loss account as an expense. This ensures proper financial reporting and compliance with the Act.

(Querist)
24 September 2023 Dear Sir,
Could you please tell me what is the treatment for bad debts written off in the books of companies as per companies Act,2013?

24 September 2023 Charge it to p and l as bad debt written off as expenses.

Sulafa S.V (Querist)
25 September 2023 Thank you for your reply sir

25 September 2023 You are welcome....
.....


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