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what is the difference between provision for bad debts and
reserve for bad debts?
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Answer Posted / rohit jain
prov for doubtful debt is crwated for the known bad debt
but reserve for doubt debt is created for the future bad
debt ir any occurs.
prov is charge against profit but reserve is appropriation
of profit.
| Is This Answer Correct ? | 65 Yes | 18 No |
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