To everybody interested in accounting processes!
I need help in calculating current ratio of a firm. My problem is -do I take net debtors while calculating current ratio or I consider gross debtors in current asset and take provision for bad debts as a current liability, if the balance sheet shows debtors on assets side at its net figure after subtracting provision for bad debts.
Please advise ..... !

From India, New Delhi
Yes, U need to take nett debtors (after deductiing bad debts/ provision for bad dets) for calculating current ratio.
From India, Bangalore
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