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Since provisions and reserves are two different concepts as provision is charge against profit and reserve is appropriation of profit. Then does provision for doubtful debts and reserve for doubtful debts different or same?


Hrishikesh Ransing

Hrishikesh Ransing

CA Inter

1K+

29-Nov-20 01:11

7

Answers (3)

Best Answer

Both are same right

Using reserve is not appropriate. Though you may get it as reserve in the question.


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Nov-20 11:24

Its generally referred to as Provision.


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Nov-20 07:39

Its generally referred to as Provision.

Both are same right


Hrishikesh Ransing

Hrishikesh Ransing

CA Inter

1K+

29-Nov-20 09:57