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.

Right Answer: Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.

February 22, 2018   Asghar Khan    Accounting  
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