Is a loan loss provision the same as allowance for doubtful accounts?

The allowance for loan losses is a contra-asset account that appears on the balance sheet as an offset to loans receivable. It is an account with a running balance of the allowances for loan losses...

Amount of money that a bank might lose because of its loan not being fully repaid.

Asset Contra account to Accounts Receivable (Contra-Asset).Normal balance is credit.

No an assetit is created as an deduction from acc. rec. and acc. rec. is counted as an asset which is Dr. and so Allowance f d.d. is counted as an Cr. but its not a liability.if it must be counted as...

To make sure we don't run out of money for continuing operations in the event that doubtful accounts do not pay.