05 January 2011
Provision for doubtful debts is 1000 & debtors are 90,000 at end of year, provision for doubtful debt 1% required, then the entry a) P & L A/c Dr 900 To provision for doubtful debts 900 b) Provision for doubtful debts 900 To P & C A/c 900 c) P & L A/c Dr 100 To RDD A/c 100 d) none of these what is the answer n reason????? pls rply if any one knws the answer