Provision For Bad DebtForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Provision For Bad DebtThis topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 23, 2016 at 11:24 am #312339 Muslim FarooqueMemberTopics: 190Replies: 134☆☆☆Is a provision for Bad debt or an allowance for bad debt allowed under current accounting standards or is only an impairment is necessary April 23, 2016 at 2:05 pm #312359 MikeLittleKeymasterTopics: 27Replies: 23321☆☆☆☆☆Provisions (or allowances as they are sometimes called) are allowableAn impairment suggests that the asset HAS fallen in value.A provision is made when there is a suspicion that the asset has fallen in valueAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In