To make a provision for bad debts the correct procedure is to:
A) Dr. Provision for bad debts account Cr. Bad debts account
B) Dr. Trade receivables account Cr. Provision for bad debts account
C) Dr Provision for bad debts account Cr. Income statement account
D) Dr. Income statement account Cr. Provision for bad debts account
Correct Answer:
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Q1: An increase in the provision for doubtful
Q2: Which of the following statements about trade
Q3: Increases in the provision for doubtful debts
Q4: Entities make provision for bad debts in
Q6: A company has been informed that a
Q7: The entity has trade receivables of £5,000
Q8: On 31 December the following balances existed
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