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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

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seshu Kumar

seshu Kumar

CA Inter

61K+

17-Nov-20 15:58

6

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