Hello Members,
What would be the entry for Provision for bad and doubtful debt and disclosure of same.
Thanks in Advance
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3303 Points)
Replied 17 February 2015
Provision for Bad & doubtful debts a/c Dr.
To Profit & Loss Account.
and in Balance sheet to be shown as minus from Sundry Debtors.
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