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

459

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

Your Reply

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence

AS 29

Your Reply

Company

Information

Offerings