Irrecoverable debts and provision for doubtful debts

• understand the meaning of irrecoverable debts and recovery of debts written off
• prepare ledger accounts and journal entries to record irrecoverable debts
• prepare ledger accounts and journal entries to record recovery of debts written off
• explain the reasons for maintaining a provision for doubtful debts
• prepare ledger accounts and journal entries to record the creation of, and adjustments to, a provision for doubtful debts.