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Bad Debts

Ataur Rehman (147 Points)

14 August 2018

Please clarify what is provision for bad debts.

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Abhishek5g (CA) (167 Points)
Replied 14 August 2018

provision is an uncertain amount set aside for meeting any liability.. so if there r Chances of debtors going bad we make a provision for bad debts reducing our debtors by that amount and charging d same in p&l account

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