"One customer to whom a sum of rupees 20 lakhs was advanced has become insolvent and it is expected that only 50% of the amount will be recovered from his estate."
In the above case what will be provision amount....... plz suggest answer.
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Replies (1)
Unless u don recve all d money its better to make provision for full amount & when u recive any amount from his liquidator than reverse the amount recievd from the full provision made.
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