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What are the differences between provision for bad debts and provision for doubtful debts?

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تم إضافة السؤال من قبل Tashi Gayleg
تاريخ النشر: 2016/03/28
Mohammed  Mohsin
من قبل Mohammed Mohsin , Senior Executive Officer , Alpha Islami Life Insurance Ltd.

Provision for doubtful debt means which a business or individual is unlikely to be able to collect.

And a bad debt provision is a reserve against the future recognition of certain accounts receivable as being uncollectable.

Frank Mwansa
من قبل Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

Thanks for invitation 

The provision for bad debts is  a provision made for specific bad debts. While the provision for doubtful debts is a contra debtors account and it shows the estimated total of future bad debts.

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