Please explain confused with this?? any one pls

what kind of account is provision for bad and doubtful debts.??
in a text book it is given that it is a PERSONAL ACCOUNT  (as per English Approach) and a ASSET ACCOUNT as per American Approach )

 is that true  ??

 how is tat Asset account??  i think it is LIABILITY Account?? Explain this to me.

and also please explain this JE

Profit and loss acc DR                                               xxx    --

         To provision to bad and ddr acc                          --     xx    

If provision for bad and doubtful debts is an ASSET then y it is taken in liability side in balance sheet???

Please anyone pls explain..-