Are there any difference between:
- Provision for doubtful debts, and
- Provision for bad debts?
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Provision on debtors
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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