what is the journal entry for bad debts?
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Answer Posted / anupam
Bad debts a/c Dr 100
To Debtors a/c Cr 100
P&l a/c Dr 1000(Being a percentage of Debtors)
To Prov for D.Debts a/c Cr 1000
Prov for D.debts a/c Dr 100
To Bad debts a/c Cr 100
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