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Bad Debts


Shraddha Sinari   09 October 2019

Shraddha Sinari

 2 likes  70 points

| My Other Post

Hello Sir

 

I want a clarification on bad debts.

 

I have one debtor whose bill is pending for last 5 months. The bill was raised on May 2019 and still, no payment has been received. 

Should I put him in bad debt list? Because I think the payment will still take time. 

avater

sabyasachi mukherjee   10 October 2019

sabyasachi mukherjee

 116 likes  3286 points

View Profile | My Other Post

Provide for doubtful debts.

bad debt dr
cr. provision for doubtful debts
prov for doubtful debts dr.
profit and loss a/c ct
deduct provision from debtors in balance sheet.


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