Provision ans writing off of debtors

This query is : Resolved

Anil (Querist)
Follow

04 November 2008 Please let me know
:

1)a)what entries are passed when provision is made for debtors
b)how they are reflected in final statement.

2)a)what entries are passed when debt written off after making provision

b)how they are reflected in final statments of accounts.

Please answer all questions separately.

Thanks

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

04 November 2008 Profit and loss a/c DR.
To Provision for doubtful debts
(provision made)

Provision for doubtful debts Dr
To Debtors
(actual write off)

Profit and loss a/c DR
(bad debts write off)
To Profit & loss a/c
(reversal opf provision