https://www.taxtmi.com/forum/issue?id=109886 Provision for bad debts is treated as an allowable income-tax expense when recorded using standard accounting entries: debit bad debt expense (income statement) and credit provision for doubtful debts (balance sheet); the provision is therefore described as an expenditure for tax purposes consistent with matching and recognition principles. en-us Tue, 16 Feb 2016 19:21:15 +0530 Thu, 23 Jan 2025 15:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109886 Provision for bad debts is treated as an allowable income-tax expense when recorded using standard accounting entries: debit bad debt expense (income statement) and credit provision for doubtful debts (balance sheet); the provision is therefore described as an expenditure for tax purposes consistent with matching and recognition principles. Discussion-Forum Income Tax Tue, 16 Feb 2016 19:21:15 +0530 https://www.taxtmi.com/forum/issue?id=109886