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what is the difference b/w provision for baddebts,reserve
for baddebts? pls explain me with example
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Answer / janvi sangle
provision for bad debts means Uncollectible expences. its a
loss pertain for 1 year.
reserve for bad debts is amount kept aside for bad debts.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / umer
BAD DEBT IS THE ACTUAL AMOUNT OF UNRECOVERED MONEY HOWEVER
RESERV BAD DEBT IS BASED ON ESTIMATION.
| Is This Answer Correct ? | 1 Yes | 0 No |
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