what is the difference b/w provision for baddebts,reserve
for baddebts? pls explain me with example
Answers were Sorted based on User's Feedback
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.
Is This Answer Correct ? | 5 Yes | 1 No |
Answer / umer
BAD DEBT IS THE ACTUAL AMOUNT OF UNRECOVERED MONEY HOWEVER
RESERV BAD DEBT IS BASED ON ESTIMATION.
Is This Answer Correct ? | 1 Yes | 0 No |
What is an interlocking accounting system?
What is LIFO and FIFO ?
what do you mean by Firm
main features of different sources of short-term finance ?
TDS mening
what is mean FOB?
how to pass entries for suspense account?
5 Answers Reliance Construction,
what is bills payable and bills receivable?
what are the entry for payment of city bank credit card through hdfc bank in tally 7.2 ?
What is control in accounting?
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
what is cost price formula ????