General provision for Bad Debts

General provision for Bad Debts

Didn't find your answer?

General Bad Debt provisions are disallowable for Corporation Tax, this we know, but in the financial accounts of an entity I considered that it was OK to have a specific and general bad debt provision (the general provision being a % based on historic experience of bad debt in a specific class of debtor). However, a colleague suggests that under IFRS all provisions have to be specific. Is FRS12 and IAS37 the relevant standards?

Paul Surname

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.