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Why is provision for doubtful debts created? How it is shown in the 1.adjustments and 2.in trial balance ?
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Why is provision for doubtful debts created? How it is shown in the 1....
Provision for doubtful debts is to be created for cover the bad debts occur in future.In adjustment we shown the last year provision in cr. side of p&n account and current year provision in dr. side of p&n.
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Why is provision for doubtful debts created? How it is shown in the 1.adjustments and 2.in trial balance ?
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