provision for bad debts

См. также в других словарях:

• provision for bad debts — A provision calculated to cover the debts during an accounting period that are not expected to be paid. A general provision, e.g. 2% of debtors, is not allowed as a deduction for tax purposes. A specific provision, in which specific debts are… …   Accounting dictionary

• provision for bad debts — A provision calculated to cover the debts during an accounting period that are not expected to be paid. A general provision, e. g. 2% of debtors, is not allowed as a deduction for tax purposes. A specific provision, in which specific debts are… …   Big dictionary of business and management

• provision for doubtful debts — A British term for *allowance for bad debts …   Auditor's dictionary

• bad debts recovered — Debts originally classed as bad debts and written off to the profit and loss account (or to a provision for bad and doubtful debts) but subsequently recovered either in part or in full. Bad debts recovered should be written back to the profit and …   Accounting dictionary

• provision — An amount set aside out of profits in the accounts of an organization for a known liability (even though the specific amount might not be known) or for the diminution in value of an asset. Common provisions are for bad debts (see provision for… …   Accounting dictionary

• bad debt — An amount owed by a debtor that is unlikely to be paid; for example, due to a company going into liquidation. The full amount should be written off to the profit and loss account of the period or to a provision for bad debts as soon as it is… …   Big dictionary of business and management

• provision — /prə vɪʒ(ə)n/ noun 1. ♦ to make provision for to see that something is allowed for in the future 2. a legal condition ♦ we have made provision to this effect we have put into the contract terms which will make this work 3. an amount of money put… …   Dictionary of banking and finance

• provision — 1. noun /pɹəˈvɪʒ.ən/ a) An item of goods or supplies obtained for future use. We increased our provision for bad debts on credit sales going into the recession. b) Money set aside for a future event. An arrest shall be made in accordance with the …   Wiktionary

• bad debt — An amount owed by a debtor that is unlikely to be paid; for example, due to a company going into liquidation. The full amount should be written off to the profit and loss account of the period or to a provision for bad debts as soon as it is… …   Accounting dictionary

• Bad debt — A bad debt is an amount that is written off by the business as a loss to the business and classified as an expense because the debt owed to the business is unable to be collected, and all reasonable efforts have been exhausted to collect the… …   Wikipedia

• provision — An amount set aside out of profits in the accounts of an organization for a known liability (even though the specific amount might not be known) or for the diminution in value of an asset. Common examples include provisions for bad debts, for… …   Big dictionary of business and management