Should Provision For Bad Debt Be Shown In The Profit And Loss Account? And Should The Same Provision For Bad Debts Amount Be Shown In The Following Year Balance Sheet?

Provision for bad debts is an attempt to anticipate any expected losses caused by the bad debts and to make an account to record loss which is estimated in the following year.The main entry for Provision for bad debt is
Debit profit and loss account
Credit provision for bad debts.
 So the entry involves the profit and loss account.