how to write off the debtor's outstanding balance which is carry forward from prior periods as per ifrs

Question

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.

Answer 1

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.