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what is proviosion for bad debts and provision for bad and
doubtfull debts
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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.
| Is This Answer Correct ? | 6 Yes | 3 No |
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