what will be the entry for baddebts write off.
what will be the entry for baddebts write off recovered.
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Answer Posted / nisar
1 . Bad debt account Dr
To Provision for bad debt
(When we think its un collectable)
Provision for Bad debt a/c dr
To Debtors account
(Next year when we sure is un collectable)
2 Debtors account dr
To provision for bad debt
Bank A/c dr
to Debtors account
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