Provision for doubtful debt

Dipjyoti Majumdar (CA in service & CS. dipmaj@ )   (3459 Points)

05 June 2013  


A provision for doubtful debt is appearing in accounts from 31 March 2010. Can you provide some insight  when this can be adjusted in financial statements and how. Is there any mandatory period. Will the adjustment entry be :

Provision for doubtful debt

To Sundry debtors