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Reg bad debts

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 April 2013 HI, I WANT TO KNOW DIFFERENCE BETWEEN RESERVE FOR BAD DEBTS AND PROVISION FOR BAD DEBTS..
WHEN WILL A CONCERN CREATE PROVISION OR RESERVE IN ITS BOOKS AND ALSO ITS OVERALL IMPACT ON FINANCIAL STATEMENTS.

THANKS IN ADVANCE.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 July 2013 Provision for Bad debts - it is confirmed bad debt which unable to recover Provision for Doubtful debts - It is not confirmed. may recover or may not how ever the treatment in accounts same only

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=667222
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