Computer Science, asked by simranbwr2020, 8 months ago

what is the journal entry for.... provision for bad debts

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Answered by savitagodse2302

0

It is used along with the account Accounts Receivable in order for the balance sheet to report the net realizable value of the company's accounts receivable. The entry to increase the credit balance in these contra accounts is a debit to the income statement account Bad Debts Expense.

Answered by princethakur1613

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