How to treat the provision for bad debts which appeared on the credit sid

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Question

How to treat the provision for bad debts which appeared on 
the credit side of the P&L A/c?

Question Submitted By :: S.nanda

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Re: How to treat the provision for bad debts which appeared on the credit side of the P&L A/c?

Answer
# 1

Bad debts will be written off by the company as an expense.
so, it will taken on the Dr side of P&L account where as 
reserve for baddebts is taken on the Income side i.e on cr 
side of P&L account. In the B/S baddebts will be deducted 
and the reserve shall be added to the Debtors.

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Srivalli

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