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-Which of the Following Is the Correct Entry to the Income

Question 14

Multiple Choice

  -Which of the following is the correct entry to the income statement account in respect of bad and doubtful debts for the period? A)  Increase in provision for doubtful debts £4,750; bad debts £0 B)  Increase in provision for doubtful debts £2,250; bad debts £2,500 C)  Increase in provision for doubtful debts £1,250; bad debts £2,500 D)  Increase in provision for doubtful debts £1,000; bad debts £2,500
-Which of the following is the correct entry to the income statement account in respect of bad and doubtful debts for the period?


A) Increase in provision for doubtful debts £4,750; bad debts £0
B) Increase in provision for doubtful debts £2,250; bad debts £2,500
C) Increase in provision for doubtful debts £1,250; bad debts £2,500
D) Increase in provision for doubtful debts £1,000; bad debts £2,500

Correct Answer:

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