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Rifreskojeni kete Faqe Accounting Question : Provision for bad debts : bad debts : income tax?


Accounting Question : Provision for bad debts : bad debts : income tax?

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Te vjeter 21-07-2007, 08:39
Minifotoja e anetarit happy
I/e Sapoardhur
  
Reg: 25-06-07
Postime: 14
Kryesore Accounting Question : Provision for bad debts : bad debts : income tax?
Provision for bad debts has been created at 50% of the outstanding debtors by debiting the Bad Debt A/c ( expense) and crediting Provsion for bad debt a/c. (liablilty) during 2006-07.
Is the above expense of Bad-debt allowable as a deduction from Business Income , while computing Income for Income tax purposes.
I await a prompt answer. thanks..........
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