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Dear Sir
How do I differentiate Provision for Doubtful Debts into Specific OR General? Are they referring trade debtors and non trade debtors?
Thank you
No, both the specific and the general elements refer to trade receivables (normally!)
You may find this hard to accept but, apart from during the exercise of calculating the provision to be carried forward at the end of the accounting period, there is NO OTHER OCCASION when we need that information
In fact, it’s safer FOR YOU not to know that detail because, that way, any temptation for you to try to use that detail is removed.
Believe me – just don’t even think about it!
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