Question

Do provision for doubtful debts can come in credit side of p&l a/c ????? Plz...... reply faster.....

Answer 1

hϵllϴ ῠsϵr....

ῠr αͷswϵr.....

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ᴍᴏsᴛʟʏ

ᴘʀᴏᴠɪsɪᴏɴs ғᴏʀ ʙᴀᴅ ᴀɴᴅ ᴅᴏᴜʙᴛғᴜʟ ᴅᴇʙᴛs ɪs ᴀɴ ᴇxᴘᴇɴsᴇ ᴏғ ʙᴜsɪɴᴇss..

ᴛʜᴇʀᴇғᴏʀᴇ ɪᴛ ʀᴇᴘᴏʀᴛs ɪɴ

✔ ️ᴅʀ sɪᴅᴇ ᴏғ ᴘʀᴏғɪᴛ ᴀɴᴅ ʟᴏss ᴀᴄᴄᴏᴜɴᴛ ✔️

ʙᴜᴛ,

ᴘʀᴇᴠɪᴏᴜs ʏᴇᴀʀs ʀᴇsᴇʀᴠᴇᴅ ғᴏʀ ʙᴀᴅ ᴀɴᴅ ᴅᴏᴜʙᴛs ғᴜʟ ᴅᴇʙᴛs...ɪs ᴀɴ..ɪɴᴄᴏᴍᴇ ᴏғ ᴀɴ ʙᴜsɪɴᴇss

ᴛʜɪs ᴀᴍᴏᴜɴᴛ ʙᴜsɪɴᴇss ᴄᴀɴᴛ ᴇxᴘᴇɴs ᴏɴ ᴅᴏᴜʙᴛғᴜʟ ᴅᴇʙᴛ..ɪᴛ ᴡɪʟʟ ʙᴇ..ɪɴᴄᴏᴍᴇ ᴏғ ᴀ ʙᴜsɪɴᴇss.

ᴛʜᴇʀᴇғᴏʀᴇ

ᴛʀɪᴀʟ ʙᴀʟᴀɴᴄᴇ ᴄʀᴇᴅɪᴛ sɪᴅᴇ ʙᴀʟᴀɴᴄᴇs ᴏғ

reserve for bad and doubtful debts

It will be report on

✔️ᴄʀᴇᴅɪᴛ sɪᴅᴇ ᴏғ ᴘʀᴏғɪᴛ ᴀɴᴅ ʟᴏss ᴀᴄ✔️

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ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘғᴜʟ ғᴏʀ ᴜ...

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