RDD
Querist : Anonymous
debtors are 90,000 at end of year,
provision for doubtful debt 1% required, then
the entry
a) P & L A/c Dr 900
To provision for doubtful debts 900
b) Provision for doubtful debts 900
To P & C A/c 900
c) P & L A/c Dr 100
To RDD A/c 100
d) none of these
what is the answer n reason?????
pls rply if any one knws the answer
correct entry is
Provision for doubtful debts 100
To P & C A/c 100
Querist : Anonymous
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