Bad debt provision: Difference between revisions
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'' | 1. ''Financial reporting - balance sheet - liabilities''. | ||
An item in the balance sheet of a reporting entity, reflecting the estimated amount of total trade receivables which are expected to be irrecoverable. | An item in the balance sheet of a reporting entity, reflecting the estimated amount of total trade receivables which are expected to be irrecoverable. | ||
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* [[General provision]] | * [[General provision]] | ||
* [[Impairment allowance]] | * [[Impairment allowance]] | ||
* [[Trade receivables]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 12:15, 29 October 2020
1. Financial reporting - balance sheet - liabilities.
An item in the balance sheet of a reporting entity, reflecting the estimated amount of total trade receivables which are expected to be irrecoverable.
2.
More loosely, the change in this balance sheet item over a period of time.
3.
The basis or process of determining this balance sheet amount.
