- This topic has 1 reply, 2 voices, and was last updated 6 years ago by
MikeLittle.
MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
Muslim Farooque
- Topics: 190
- Replies: 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
MikeLittle
- Topics: 26
- Replies: 22655
- ☆☆☆☆☆
Provisions (or allowances as they are sometimes called) are allowable
An impairment suggests that the asset HAS fallen in value.
A provision is made when there is a suspicion that the asset has fallen in value
MikeLittleViewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.