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what's the difference between debtors, provision for bad debts and provision for doubtful debts?

Posted by Shreya Raj 6 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Shashank Jaiswal 6 years, 11 months ago

Bad debts are those who can't pay their debt amount to the firm and it happens in every case so the form creates a provision regarding this that is provision for bad debt a firm resumes that there will be some bad debt in future that's the main reason he creates bad debt provision

Shashank Jaiswal 6 years, 11 months ago

Debtor are those who had taken goods on loan from us and they had to pay money to us

Shashank Jaiswal 6 years, 11 months ago

Hii

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