Provision on debtors

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Are there any difference between:

  • Provision for doubtful debts, and
  • Provision for bad debts?
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On 22 June 2015 at 20:28 Report
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Assistant Manager @ EY
20 Points Posted on 25 June 2015

Hi,

Generally it is under the name - Provision for Bad & Doubtful debts but not the way u putup in your query.

As the name sugggest I dont see any difference between them as far as accouting is concerned.

 

Thanks,

Suri

 

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On 25 June 2015 at 17:29
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Learner
20 Points Posted on 25 June 2015

There is no Difference between the two. 

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On 25 June 2015 at 17:47
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Cleared CA Final
20 Points Posted on 26 June 2015
They are used interchangeably.
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On 26 June 2015 at 16:32

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