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what do you mean Provision for bad debit

Answer Posted / rahul jaiswal

In business transactions there are sometimes sundry debtors
not a paid amount and recover those debts we make provision
for bad debts i.e
Profit & loss A/c --- Dr
To Provision for bad debts A/c
Actually, those bad debts exenses are adjusted provision
for bad debts then entry in accounting voucher done:
Provision for bad debts A/c----- Dr
To bad debts A/c

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