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How to verify provision for bad dabt as per audit

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(Querist)
22 August 2016 Credit sales made earlier years now these are irrecoverable. Now the company wants treat as bad debt.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
24 August 2016 Provision for bad debts is an estimation. To review the estimation made by management, you have to ensure that the management has certain policy to write off debtors and bad debts and this policy has to be followed consistently.

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