Preparation of statement of profit and loss and balance sheet

Accountancy

Can anybody please explain point no 5 and 6 regarding Treatment of provision for bad debts in trade receivables

JAI AKASH

CMA Inter

★ 0

17-May-25 13:09

250

Answers (1)

Out of 25,000 only 25% is recoverable. Remaining 75% is bad debt. For other receivables make a provision of 2%

CA Suraj Lakhotia

Admin

19-May-25 12:22