what is the difference b/w provision for baddebts,reserve for baddebts? pls ex

what is the difference b/w provision for baddebts,reserve
for baddebts? pls explain me with example

Question Posted / mohammed nayeemuddin

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what is the difference b/w provision for baddebts,reserve for baddebts? pls explain me with exampl..

Answer / janvi sangle

provision for bad debts means Uncollectible expences. its a
loss pertain for 1 year.

reserve for bad debts is amount kept aside for bad debts.

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what is the difference b/w provision for baddebts,reserve for baddebts? pls explain me with exampl..

Answer / umer

BAD DEBT IS THE ACTUAL AMOUNT OF UNRECOVERED MONEY HOWEVER
RESERV BAD DEBT IS BASED ON ESTIMATION.

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