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please let me know how should i write off prior periods debtors outstanding as per ifrs.And more over there is no any provision created so that i can write off debt.Hoping for respone.
in IAS 37 - Provisions, Contingent Liabilities and Contingent Assets by

1 Answer

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There is no special procedure. Just debit an expense account (bad debts expense a/c or so) and credit the debtor's account. That's it! it is not compulsory to have a provision for doubtful debts.
by Level 3 Member (6.2k points)
edited by


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