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When we have to create provisions for doubtful debts against receivables? Any criteria?

Accounts Receivable
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Question added by Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies
Date Posted: 2014/05/13
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Sufyan Akhtar
by Sufyan Akhtar , Accountant , Baskin Robbins

Based on Previous Data and Current Information about Recievables. eg. Previous Data Shows5% Provision but current info is u can collect only20% . so in this case current prov. will be80% instead of5 %.

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