06 April 2010
hi all what is the treatment of provision of doubtful debts shown in adjustments language is "debtors includes Rs 120000 due for more than 6 months out of which provision has been made for doubtful debts at Rs 20000 during year
my question is i have seen a solved problem(company final accounts padhuka's book) and in that problem doubtful debts are not subtracted from debtors(shown in adjustment) in balance sheet but are charged in p&l account even though it tallied