CASH FLOW STATEMNET

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KRITI MEHTA (Querist)
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16 June 2010 In a question of cash flow statement.
its given in balance sheet 98-99 99-00
provision for doubtful debts 30,000 24,000
Whether this decrease in provision be treated as bad debts written off or decrease in provision
no information has been given about bad debts

Rahul Gupta

Rahul Gupta (Expert)
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16 June 2010 In my view, in the absence of any information on Bad Debts , it should be reduction of provisions of doubtful debts.
The logis behind this is >
When Bad debts ocuur, then we pass the following entry >
Bad Debts..........Dr
To Provison for D/D.....Cr.
Since there is no information on Bad Debts, so it would be reduction in provisions only...

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KRITI MEHTA

KRITI MEHTA (Querist)
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18 June 2010 thanku so much sir

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