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Provision on debtors

Others 510 views 3 replies

Are there any difference between:

  • Provision for doubtful debts, and
  • Provision for bad debts?
Replies (3)

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

 

There is no Difference between the two. 

They are used interchangeably.


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