Sir, I want to know whether provision for bad debts is a Real/Personal/Nominal account and reason for the same.
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Provision for bad debts
Replies (4)
its a Nominal Account, because u have debited this account as an expenditure ......
Regards,
Harish Bansal
I agree with harish
same as above
Nominal Acct...as Dr. in P&L ....
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