what is the difference between provision for bad debts and
reserve for bad debts?
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Answer Posted / sonali
Entry for Provision for debts comes in P& L a/c.
Entry of reserves for bad debts is on liability side in
balancesheet under reserves.
The reserves for bad debts for the F.Y. 07-08 will be the
provision for bad debts for the F.Y. 08-09.
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