Interested to Buy Any Domain ? << Click Here >> for more details...
Difference between reserves for bad debts & provision for
bad debts.
- 6 Answers
- 42199 Views
- HSBC, NRN Business solution, Siemens, I also Faced
- E-Mail Answers
Answer Posted / vatsal vora
Provision for bad debt is an appropriation of profit to combat bad debt against a particular doubtful debtor/s while reserve for doubtful debt is an appropriation of profit for general business bad debts contingent to occur in future.
| Is This Answer Correct ? | 5 Yes | 8 No |
Post New Answer View All Answers
Do you think accounting standards are mandatory and why?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
What are source documents in accounting?
What is the purpose of a balance sheet?
Define public accounting?
What is the Technology used to carry out trades? Pls Tell me as early as possible.
what is opening stock formula?
please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.
what's the difference between impress cash account and petty cash account
Is an "account receivable" and "goodwill" real accounts in accounting?
How to make a vat entry in books including setoff?
Define scrap value in accounting?
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
