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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2010 how to make entry for bad debts
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Rahul Gupta

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Rahul Gupta (Expert)
15 July 2010 Bad Debts A/c....Dr
To The party A/c...Cr

Bad debts is to be grouped as expenses and will be charged to P& L a/c.

Alternatively, in case provision for Doubtful debts has been created in past , then the entry will be

Bad Debts A/c....Dr
To Prov. dor D/Debts A/c...Cr
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
15 July 2010 agree with rahul, next entry --

P&L a/c Dr.
to bad-debts a/c
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