Answer Posted / kamlesh kumar singh
In most of the organisation , it is certain that the whole
amount of debtors will not realise in future.And for this,
at the end of the year Provision for doubtful debt is
created and after that those amount which are not realised
from debtors after discussion from debtor written off by
reducing the provision.
Journal Entries:
1)Profit and loss a/c --Dr
To,Provision for doubtful debt a/c
2)Provision for bad debta/c--Dr
To,Bad Debta/c
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