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What is a bad debt provision?

Accounting Accounts Receivable Economics
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Question added by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date Posted: 2016/04/26
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BAD DEBTS PROVISION MEANS BASED ON THE PREVIOUS YRS EXPERIENCES SOME FIXED PERCENTAGE OF AMOUNT WE ALLOCATE THE BAD DEBTS THIS BAD DEBTS WE R KEEPING UNDER PROVISION METHOD

JV FOR THIS OPENING PROVISION ENTRY OF CONCERN

BAD DEBTS.DR

PROV.FOR B/D.CR

Sona Franci
by Sona Franci , Assistant Accountant , M.A GOVINDIAN AND COMPANY

It is a debt from debtors.Bad debt is a debt.This debt is reduced by using debt called provision of bad debt

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