Accountancy, asked by ashajatni61, 8 months ago

what is meaning of provision for doubtful debts be maintained at the existing rate​

Answers

Answered by clicker786
6

Answer:

it means that the same percentage used for calculating the provision for doubtful debts for the previous year will remain the same for the current year

eg if last year they used 2% on trade receivables was provision then this year also 2% will be used.

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