At the end of the financial year the entries regarding bad debts are:
A) Dr. Income statement account Cr. Bad debts account
B) Dr. Bad debts account Cr. Income statement account
C) Dr Trade receivables account Cr. Provision for bad debts account
D) Dr. Provision for bad debts account Cr. Income statement account
Correct Answer:
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Q1: When preparing financial statements, the bad debts
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Q3: Which of the following items appear on
Q4: What is the balance brought down on
Q5: Which of the following errors will cause
Q7: A trial balance failed to agree. The
Q8: A trial balance failed to agree. The
Q9: Which of the following is an error
Q10: Which of the following is a reversal
Q11: Which of the following is not an
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