What is reserv for doutfull debts and how it was treated?
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Answer / varun bijlwan ( student xiith
i is a reserve created by the firm or company to escape
from bad debt
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Answer / dharmesh sati
Reserve for Doutfull Debts is provision against Bad Debt
means (Amount showing as receivable in books of account not
not sure that it will received or not from the customer).
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