Reg bad debts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2013 HI, I WANT TO KNOW DIFFERENCE BETWEEN RESERVE FOR BAD DEBTS AND PROVISION FOR BAD DEBTS..
WHEN WILL A CONCERN CREATE PROVISION OR RESERVE IN ITS BOOKS AND ALSO ITS OVERALL IMPACT ON FINANCIAL STATEMENTS.

THANKS IN ADVANCE.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 July 2013 Provision for Bad debts - it is confirmed bad debt which unable to recover Provision for Doubtful debts - It is not confirmed. may recover or may not how ever the treatment in accounts same only

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