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Re: bad debt provision

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Hi Chris, in you second question the entry should be like this.

 

Dr P&L - Bad debts xxxxx

Cr - Provision for Bad debts (BS) xxxxx

When the debt actually gets bad, what they do is

Dr - Provision for Bad debts (BS) xxx

Cr - Debtors/receivable a/c xxx

 

 

Regards,

 

Sudhakar*

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