The entry for creating a Provision for bad debts is
A) Debit Provision for Bad Debts A/c and credit Debtors A/c
B) Debit Debtors A/c and credit Provision for Bad Debts A/c
C) Debit Provision for Bad Debts A/c and credit Profit & Loss A/c
D) Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.
Correct Answer:
Verified
Q13: Which of the following statements is correct?
A)Depreciation
Q14: Depreciation is calculated on the
A)Cost price of
Q15: Which of the following is an external
Q16: Depreciation is a process of -
A)Valuation of
Q17: Which of the following is not depreciated
A)Building
Q18: Schedule XIV of the Companies Act specifies
Q19: ------ is also known as Appraisal system
Q20: Bad debts recovered account will be transferred
Q22: When a person purchasing goods on credit
Q23: Which of these is not a Business
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents