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Provision For Bad & Doubtfull debts

This query is : Resolved 
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(Querist)
02 July 2010 Whether a Company can directly write off Bad Debts without creating Provision For Bad & Doubtfull debts??
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Rahul Gupta

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Rahul Gupta (Expert)
02 July 2010 Yes. It can be done if the bad debts are certain and are occured
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CA. Bharat Tak

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CA. Bharat Tak (Querist)
02 July 2010 Thnk you sir for your guidance
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
02 July 2010 Yes. If it is sure from records available and correspondance with party. pls ensure that bad debts are substantiated with all legal formalities also with the party. It will be better proof.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
02 July 2010 AGREED WITH EXPERTS.
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