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Bad debts

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2011 How do we make entry for provision for bad debts? and what is the entry when doubtful debts are recovered in the next year??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 August 2011 provision for bad debts dr (expense a/c) to provision for bad debts

If recovered then reverse the entry.

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