Provision
This query is : Resolved
23 August 2013
What is the difference between provision for bad debts and provision for doubtful debts.
23 August 2013
Both are same
.
.
for doubt ful debts we create provision for doubtful debts,,where as if it is confirmed that it is bad debts folowing entry will be passed.
.
.
Dr . Baddebts A/c
Cr. Debtor A/c
.
.
for doubt ful debts we create provision for doubtful debts,,where as if it is confirmed that it is bad debts folowing entry will be passed.
.
.
Dr . Baddebts A/c
Cr. Debtor A/c
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