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AS 29

Accountancy

As per the AS 29 does the Provisions for doubtful debts can be called as a provision or not

CHINTHA SHARAN

CA Inter

★ 80

11-Oct-22 21:32

287

Answers (2)

Best Answer

Its not a provision It is adjustment to an asset

Thanusha Lakshmi

CA Final

★ 3K+

11-Oct-22 21:36

No. First It's not liability. It's known as adjustment of asset ...

Kiran Vijay

CA Final

★ 4K+

11-Oct-22 21:33

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