Provision or Bad Debt
yves
Registered Posts: 28 Regular contributor ⭐
Can anyone help
I would like some advice why would an accountant in year end account make a provision for a bad debt which is over three years old and the company is no longer in existence rather than just writing off as a bad debt
any comments would be welcome
yves
I would like some advice why would an accountant in year end account make a provision for a bad debt which is over three years old and the company is no longer in existence rather than just writing off as a bad debt
any comments would be welcome
yves
0
Comments
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No real difference in the end result so probably an oversight. Tell him/her to get rid of it next year :001_smile:
PaulCan anyone help
I would like some advice why would an accountant in year end account make a provision for a bad debt which is over three years old and the company is no longer in existence rather than just writing off as a bad debt
any comments would be welcome
yves0
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