# The Building Societies (Accounts and Related Provisions) Regulations 1992, Paragraph 20: Provisions for bad and doubtful debts


(1) In respect of any provisions for bad and doubtful debts deducted from Asset items 2, 3, 4(a), 4(b) and 4(c) in Parts I and II of Schedule 2 and Asset item 5(a) in Part II of Schedule 2 there shall be shown the following information, in respect of each item—
(a) the amount of the provision as at the date of the beginning of the financial year and as at the balance sheet date respectively, showing separately—
(i) specific provisions for bad and doubtful debts, and
(ii) general provisions for bad and doubtful debts,
(b) any amounts transferred to or from each of the provisions referred to in paragraph (a) during the year, and
(c) the source and application respectively of any amounts so transferred.
(2) For the purposes of subparagraph (1) “specific provisions” shall be any provisions determined by reference to particular advances or loans and all other provisions shall be “general provisions”.

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Source: https://www.legislation.gov.uk/uksi/1992/359/schedule/5/paragraph/20 (the official version)
Page: https://openlegislation.uk/building-societies-accounts-and-related-provisions-regulations-1992/schedule-5/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.