Treatment of provision for bad debt


Balance Sheet

Liabilities

Amount

Assets

Amount



Debtors                                              50,000

(-) Provision for Bad Debt                    2,000


48,000






Adjustment: (a) Bad Debt found at Rs. 4,000

                    (b) Create new provision fro bad debts at same rate  

No answer available

asked on Jun 23, 2018 at 17:44

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