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We havent MAke Provision for bad debts frm lst yrs and this yr we want to clear off debtors & no hope fro recvery then what amt for bad debt account?

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Question added by Sakshi Jain
Date Posted: 2018/09/14
Thomas Chakku
by Thomas Chakku , Managing Partner , THOMAS CHAKKU & ASSOCIATES

The amount of bad debts depends on the age of receivables and very systematic assessment of each receivable by the accounts manager with the consultation with the sales team, collection team and the legal experts. 

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