Treatment of bad debts in dissolution
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it will be shown on Dr. side of realisation account
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Treatment of bad debts in dissolution is shown in the Dr. side of realisation account
Explanation:
Dissolution is a process in which is a process in which the assets liabilities and the capitals of the company are winded off due to the removal or the closing of the business, since the entire form is closing the treatment of bad debts would be in such a way where the bad debts written off from the balance sheets and from the bad debt provision account, the amount will be compensated or reimbursed into the bad debt account ending the firm with cleared bad debts.
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