Difference between reserves for bad debts & provision for
bad debts.
Answer Posted / pramod
company will kept some amount as reserve for bad debts in advance.if any debt becomes bad then it will realise from reserve..that is known as reserves for bad debts.
Any debit is in a position of becoming insolvent or unpaid,those debt is called provision for bad debts
| Is This Answer Correct ? | 55 Yes | 8 No |
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