Provision for doubtful debt
Querist : Anonymous
1.) Doubtful Debts dr
To Debtors a/c Cr.
2. Bad Debts A/c
To Provision for Bad Doubtful A/c
In the same year, we transfer the provision created for earlier years upto 2009
Provision for Bad Doubtful a/c
To Doubtful Debt
So basically we are first creating provision and it is fully written off in subsequent years.
So if someone is questioning which year loss is written off, will it be 2009 or 2012
Querist : Anonymous
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