PECULIARITIES OF DEBTOR INDEBTEDNESS WRITE - OFF IN ACCOUNTING AND TAXATION
The article deals with the method of reserves formation for doubtful and non-recoverable debts in accounting. The procedure of bad debts writing off in accounting and taxation is considered. The description of the documents necessary for the bad debts writing off is given. The facts of economic situation as regards the debtor indeptedness, depending on the extent to which the reserve for doubtful debts has been created and whether it is enough to cover the debt, are submitted. The recommendations for improvement the accounting of the non-recoverable debts to be written off, particularly concerning buyers and customers by the account 62 «Settlements with buyers and customers» are given.