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What are the accounting entries for debtor impairment?

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by Level 5 Member (11.6k points)
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Its like this:

Dr. Impairment Loss (Profit & Loss)
Cr. Provision for impairment (Balance Sheet)
by Level 1 Member (1.6k points)
Isn't that the Provision is not allowed for debtors in the IAS 37?
Please explain if it's not..
by Level 2 Member (4.2k points)
check here:
by Level 1 Member (1.6k points)
Then in the answer of the Tina says "Provision for impairment"(while the provision is not allowed for debtors) Please Explain.
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Impairment losses should be recognized in P&L

Dr. Impairment Loss (Profit & Loss)
Cr. Relevant Asset Account (Balance Sheet)

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