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.
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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.
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.