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Provision for bed debt

Former Member
0 Kudos

Hello,

What is the general enteries for provision for bed debt?

There we create GL for bed debt in Expense head and GL Provision for bed debt in Current assets.

So what will be the all possible enteries for this.

Thanks

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

hi

Provision for Bad Debts should appear as a credit on the Balance Sheet, and Bad Debts written off is an expense item

on the Profit and Loss Account.

regards

eashwar

Former Member
0 Kudos

Hello,

thanks for quick response.

Can you tell me the transaction for these enteried.How does effected these respective GL with an example from the starting.

Thanks.

Answers (0)