Quote:
Originally Posted by mhz99
Kinza, ammara and ahmad in 2004 q5 the bad debt of 613 will be deducted in net profit or not
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No, Reserve for bad debts will be debited to profit and loss with amount of Rs.1000 (new provision=1707+ bad debt=613- old provision=1320)
You can see post#58 of this thread for solution of this question.