IndigoLearn

Forums

Amalgamation, conversion, sale

In Practical question no.1 attached -said that debtors cannot reduce from provision for bad and doubtful debts because it's not a bad debt. But in question 2- from balance sheet debtors deducted provision for doubtful debts and done the sum. Please clarify

Attachments

aa601b1d-fa0d-4c4f-b2c2-03ad99bc8cfb.jpg

bc435b3a-4bd8-457e-9760-dd5f52f5a427.jpg


seshu Kumar

seshu Kumar

CA Inter

61K+

17-Nov-20 15:58

8

Answers (2)

The provision for debtors balance will be deducted from debtors account while presenting in the balance sheet.


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Nov-20 16:28

Ok


seshu Kumar

seshu Kumar

CA Inter

61K+

17-Nov-20 16:42

SFM Launch
IL Pass percentages
Tally Free
Quote
Refer
EMI
Lazypay
Past_Exams