What is provision for bad debt?

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What is the journal for bad debts provision and when bad debts recover?
Posted by:
ABDUL MAJEED KUNNAM PADATH
23-June-2013

Accounting Accounting Analysis Debt Structuring

Question added by Preetam Mohapatra
Date Posted: 2018/10/09

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2 Answers

Ravoof Rahman Asangani

by Ravoof Rahman Asangani , Senior Executive Accountant , TSK Electronica Y Electricidad Public Co. S.A.

Provision for bad debt is the estimated amount of debt that will arise from accounts receivable that have been accounted but not yet collected.

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by Santiago Bati , Accounting Staff , Bong Kyung Construction Co. Ltd

Estimated doubt accounts arising from accounts receivable issued but uncollected. Same as allowance for doubtful debt.

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