How To Treat Increase Or Decrease In Provision Or Allowance For Doubtful Debts

The bookkeepers need to have the know-how to treat any increase or decrease whenever management felt the need to do so. Append below the accounting treatment and its effect to the Income Statement & Balance Sheet:-

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For a bookkeeper, he or she needs to understand how to create a Provision for doubtful debts. Append below are four(4) methods of creating such provision:-

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Before we start the topic on Bad Debts & Provision for doubtful debt, it is essential to understand the difference between bad debts written off and provision for doubtful debt Append below the difference/contrast:-

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