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what is proviosion for bad debts and provision for bad and
doubtfull debts

Answers were Sorted based on User's Feedback



what is proviosion for bad debts and provision for bad and doubtfull debts..

Answer / sanjay lashkari

Provision for Bad debts-
It is used along with the account Accounts Receivable in
order to report the net realizable value of the accounts
receivable.

Provision for bad and doubtful debts-A doubtful debt is a
debt, which the business considers may not be paid.

Is This Answer Correct ?    6 Yes 3 No

what is proviosion for bad debts and provision for bad and doubtfull debts..

Answer / anil ahuja

bad debts a/c Dr
Party a/c Cr
































Is This Answer Correct ?    2 Yes 0 No

what is proviosion for bad debts and provision for bad and doubtfull debts..

Answer / saiyad aejaj

in account bad debts are carryforward in p/l a/c but we
also create provision if we create this account we credit
baddebts balance to this account and doubtfull debt also

Is This Answer Correct ?    3 Yes 2 No

what is proviosion for bad debts and provision for bad and doubtfull debts..

Answer / s

procedure of provision are same for bad debts and doubtful debts and the entry for this:
bad and doubtful debts a/c dr.
to provision for bad and doubtful debts a/c

Is This Answer Correct ?    1 Yes 0 No

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