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BAD DEBTS

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2010 DEAR SIR
HOW WE WILL CREATE PROV FOR BAD DEBTS PLEASE GIVE ME ONE EXAMPLE AND WHAT IS THE DIFF BETWEEN PROV FOR BAD DEBTS AND PROV FOR BAD & DOUBTFUL DEBTS
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
25 October 2010

Profit / loss account Dr.

To Prov. for bad debts a/c

Provision for doubtful debts is required when there is cahnce of doubtfulness.
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CA Punit

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CA Punit (Expert)
25 October 2010 provision for:
BAD DEBTS &
BAD & DOUBTFUL DEBTS
means the same
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taxindiaconnect

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taxindiaconnect (Expert)
25 October 2010 Agree with Punit.

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