Creation of prov for d/d
Querist : Anonymous
1.) P&L a/c ...........dr
TO Prov for D/D
OR
1.) Prov for D/D a/c..........dr
To debtors
and
2.) P/L a/c...................dr
To Prov for D/D
Provision for Doubtful Debts(P&L) Dr.
Provision for Doubtful Debts(B/S) Cr.
The provision will be booked under a separate account.
But the same shall be disclosed as follows in B/s:
Debtors XXX
Less: Provision for doubfult debts (XXX)
Querist : Anonymous
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