Journal entries for the provision for doubtful debts (How to record in accounting)
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YouTubeThe Accounting Student
Journal entries for the provision for doubtful debts (How to record in accounting)
JOURNAL ENTRIES FOR THE PROVISION FOR DOUBTFUL DEBTS First of all we need to look at the debits and credits for the increase or decrease in provision. If there is an increase in the provision the debit will be on income statement as an expense and the corresponding credit entry will be in the provision for doubtful debts. If there is a decrease ...
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