Double entry of provision for doubtful debt?

1 answer

Answer

1246769

2026-04-10 19:05

+ Follow

The double entry for recording provision for doubtful debt is:

Dr. Doubtful Debts (P&L expense a/c) xxx

Cr. Provision for Doubtful debt xxx

Once it is certain that the debt has gone bad debt; following entry is made:

Dr. Provision for Doubtful debt xxx

Cr. Loan / Portfolio xxx

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.