+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Students (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=13)
+--- Thread: provision for bad debts (/showthread.php?tid=2101)
provision for bad debts - kaal - 06-08-2005
<font face="Arial"></font id="Arial"><font size="3"></font id="size3"><font color="blue"></font id="blue">
hi i wanna ask u people that how the provision of bad debts is made in accounting?
- maani - 06-09-2005
Hi,
Provision for bad debts is that percentage of debtors which is likely to be irrecoverable...the percentage is estimated by having in view the previous years debtors records...
Ace
- Ice_Blue - 06-10-2005
Dr. Bad Debt Expense
Cr. Provision for Bad Debts
Provision for Bad Debts is a Contra-asset a/c
Bad Debt Expense closes in the P/L a/c
Ice Blue