Journal Entry

Adjustment Journal entry of Provision for bad debts and doubtful Debts.

Provision for doubtful debts When an amount becomes irrecoverable from debtors the amount is debited to the Baddebts account and credited to the personal account of the debtors. But this is not sufficient. At the end of the year, the list of debtors may still contain some debts which are doubtful of recovery. But the …

Adjustment Journal entry of Provision for bad debts and doubtful Debts. Read More »

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