9.4 Provision for bad debts
08/10/2014
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Learn how to provide for bad debts if you suspect that a customer's account is going to turn bad so as not to overstate your trade debtors
9.4 Provision for bad debts
Created: 08/10/2014
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Chart of accounts must have Provision for bad debts accounts
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Check the full amount owed by the customer
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Record provision in GL journal
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If there is GST in the debt
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if your company is not GST registered