Provision for doubtful debts
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An assumption is often made that there is no problem with current debtors and no analysis is made of collection records.
However, provision for debtors should also apply to debtors that are not overdue since most probably a portion of them will become uncollectible in the future. An appropriate analysis will determine the potentially uncollectible portion.
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Next An assumption is often made that there is no problem with current debtors and no analysis is made of collection records.
However, provision for debtors should also apply to debtors that are not overdue since most probably a portion of them will become uncollectible in the future. An appropriate analysis will determine the potentially uncollectible portion.
