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Provisions for baddebt

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Provisions for baddebt

Viewing 5 posts - 1 through 5 (of 5 total)
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  • August 4, 2020 at 6:55 am #579128
    iza1
    Participant
    • Topics: 115
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    • ☆☆☆

    Hello sir

    Is provision for bad debt and create an allowance for bad debt the same ?

    August 4, 2020 at 7:02 am #579131
    iza1
    Participant
    • Topics: 115
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    • ☆☆☆

    Can you also ease tell what is the difference between impairing trade receivables and the above two terms

    August 6, 2020 at 9:31 am #579410
    08hf
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    Provision for bad debt and an allowance for bad debt are the same thing.

    August 6, 2020 at 10:50 am #579416
    iza1
    Participant
    • Topics: 115
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    • ☆☆☆

    Hi John

    please can you help ..
    is the term impairing trade receivable same as creating provision for bad debt

    August 8, 2020 at 8:31 am #579615
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7212
    • ☆☆☆☆☆

    Hi,

    Yes, impairing trade receivables is the same as creating a provision. Impairing trade receivables is the more up to date terminology. I think this is more related to FA than FR though.

    Thanks

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