Difference between reserves for bad debts & provision for
bad debts.
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Answer Posted / raju gupta
PROVISION IS KEPT TO MEET THE ASSUMED LIABILITY IN FUTURE
IN ALL COMPANY.
RESERVE FOR BAD DEBT. WE KEPT THIS RESERVE TO OVERCOME FROM
THE LOSS WHICH WILL OCCUR DUE TO BAD DEBT...
| Is This Answer Correct ? | 6 Yes | 10 No |
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