CA Foundation doubt
How to treat provision for bad debt when it is given both in trial balance and adjustment?
Asked by Anmol7 Jun 2024365 views
3 answers
laxmi · 7 Jun 2024
the one trial balance balance would be carried to p and l a/c and the one in adjustment will have 2 effects one in p and l account less the other will be reduced from debtor in balance sheet
SHALINI · 7 Jun 2024
Can you share the question?
Deepanshu · 7 Jun 2024
Debit both new and old bad debts in profit and losss account,and less new bad debts from debtor in balance sheet
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