How to verify provision for bad dabt as per audit
This query is : Resolved
22 August 2016
Credit sales made earlier years now these are irrecoverable. Now the company wants treat as bad debt.
24 August 2016
Provision for bad debts is an estimation. To review the estimation made by management, you have to ensure that the management has certain policy to write off debtors and bad debts and this policy has to be followed consistently.
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