bad debt provision(A statement in the accounts of a creditor of the extent to which it expects to have to write off bad debts, that is, to cease to record them as assets in its accounts. A firm with bad debts must at some stage decide to write them off. If it has numerous debtors, each of doubtful solvency, it is possible to make a ‘bad debt provision', naming an amount by which it expects to have to write off bad debts, without the need to specify on which particular debts hope has been abandoned. OE Alexander Demidov)
Provision for Bad and Doubtful Debts(в амер. практике вместо англ. термина provisions используется термин allowance" и встречаются следующие названия этого счета: allowance for uncollectible accounts; Allowance for Bad Debts; Allowance for Doubtful Accounts)
Provision for Bad and Doubtful Debts account(в амер. практике вместо англ. термина provisions используется термин allowance" и встречаются следующие названия этого счета: allowance for uncollectible accounts; Allowance for Bad Debts; Allowance for Doubtful Accounts)
