On a worksheet, the balance of the Doubtful Debts Provision account will appear:
A)in the debit column of the profit and loss columns.
B)in the credit column of the profit and loss columns.
C)in the debit column of the balance sheet columns.
D)in the credit column of the balance sheet columns.

Question

Quizplus · Accepted Answer

The Doubtful Debts Provision is a contra asset account that reduces the accounts receivable balance on the balance sheet, so it appears in the credit column of the balance sheet columns.

On a Worksheet, the Balance of the Doubtful Debts Provision