Response to the following problem:
On 1st January, 1962 the Provision for Bad Debts Account in the books of G. Gardham showed a credit balance of £230. During the following twelve months, debts amounting to £185 were written off as irrecoverable and £25 was received in respect of a debt previously written off in 1959. At 31st December, Gardham decided to carry forward a provision of £250. You are asked to record the above in Gardham's books.