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Provision for doubtful debt
plz answer this quest.
opening provision =51000 during yhe year 10000 is written off as bad debt. closing balance of debtor is 630000. It was decided that 10% of the debtors is to be maintained as provision. Calculate closing balance towards provision for D.D. and pass journal entry.
Replies (1)
The aforesaid question is from PCC May 2008 exam. Refer to Q. No. 5(iii) for ICAI’s suggested answer -> click here
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