journal entry for provision for debts?
where from we create?
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JOURNAL ENTRY
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You will create a seperate account called
"BAD DEBTS"
BAD DEBT IS AN EXPENSE.
PROV FOR DOUBTFUL DEBTS IS A LIABILITY...
"BAD DEBTS"
BAD DEBT IS AN EXPENSE.
PROV FOR DOUBTFUL DEBTS IS A LIABILITY...
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