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BAD DEBTS PROVISION MEANS BASED ON THE PREVIOUS YRS EXPERIENCES SOME FIXED PERCENTAGE OF AMOUNT WE ALLOCATE THE BAD DEBTS THIS BAD DEBTS WE R KEEPING UNDER PROVISION METHOD
JV FOR THIS OPENING PROVISION ENTRY OF CONCERN
BAD DEBTS.DR
PROV.FOR B/D.CR
It is a debt from debtors.Bad debt is a debt.This debt is reduced by using debt called provision of bad debt
