What are the rates for provision for bad debts doubtful for 0-1 , 1-3 , 3-infinity yrs in accounting for banking companies applicable for may 2012 attempt ?
manasi verma (student) (100 Points)
20 March 2012What are the rates for provision for bad debts doubtful for 0-1 , 1-3 , 3-infinity yrs in accounting for banking companies applicable for may 2012 attempt ?
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 20 March 2012
Rates for provisionn for Bad Debt Doubtful :
for doubtful Upto 1 year - 25%
for doubtful > 1 year , but upto 3 years - 40%
for doubtful > 3 years - 100%
u can also go to this link
https://www.rbi.org.in/scriptts/NotificationUser.aspx?Id=6415&Mode=0
manasi verma
(student)
(100 Points)
Replied 20 March 2012
thank u so much :) these rates have been revised and are applicable from may 2012 attempt ?
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 21 March 2012
Yes Manasi.. these rates are revised and also applicable for may 2012 attempt... All d best for ur studies....
Ghanshyam
(mumbai)
(33 Points)
Replied 01 April 2012
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