Question

What is provision for bed dept.
What is provision for bed dept.

Answer 1

Answer:provision for bed depts is an estimated percentage of total doubtful dept that needs to be written off during the next year. it is nothing but a loss to the company which needs to be charged to the profit and loss account in the form of provision..

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Answer 2

Answer:

The provision for doubtful debts is an estimated amount of bad debts that are likely to arise from the accounts receivable that have been given but not yet collected from the debtors. It is similar to the allowance for doubtful accounts. Quick summary with stories.