what is proviosion for bad debts and provision for bad and
doubtfull debts

Answer Posted / sanjay lashkari

Provision for Bad debts-
It is used along with the account Accounts Receivable in
order to report the net realizable value of the accounts
receivable.

Provision for bad and doubtful debts-A doubtful debt is a
debt, which the business considers may not be paid.

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