What is provision for bed dept.
What is provision for bed dept.
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A bad debt provision is a reserve against the future recognition of certain accounts receivable as being uncollectible. The credit memo reduces the bad debt provision account with a debit, and reduces the accounts receivable account with a credit.
Answered by
0
Answer:
A bad debt provision is a reserve against the future recognition of certain accounts receivable as being uncollectible. The credit memo reduces the bad debt provision account with a debit, and reduces the accounts receivable account with a credit.
Explanation:
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