Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the difference between provision for bad debts and
reserve for bad debts?

Answer Posted / raghava kumar .i

provision means to kept aside of amount for the expected
losses.and reserve is to kept the amount aside to specific
purpose.when provision is reserved for bad debts or reserve
is created for bad debts is same for confussion they asked
like.provision for bad debts entry is .
profit and loss a/c ------------dr
to provision for baddebts a/c
(beeing provision created for baddebts.)

Is This Answer Correct ?    17 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the stages involved while preparing business blue print with examples?

821


I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

2163


define accounting,scope of account , types of account ?

3603


Telly ERP9 is perfect accounting softwear in excise unit.

3766


How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

2194


Expand-------URM

1969


how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

2044


what is joint venture?

2112


How can retify the errors in the trial balance

2270


what is capital market and money market? what is primary market and secondary market?

2200


Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset

2185


why funds management doc is generated during migo and miro

1617


Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1920


post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.

2658


Expand MNS

2239