MCQOPTIONS
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MCQOPTIONS
| 1. |
The creation of provision for doubtful debts given as an adjustment requires |
| A. | Debit Profit and Loss Account and deduct the provision from debtors |
| B. | Credit Profit & Loss Account and deduct the provision from debtors |
| C. | Credit Profit and Loss Account and add the provision to debtors |
| D. | Debit Profit & Loss Account and add the provision to debtors |
| Answer» B. Credit Profit & Loss Account and deduct the provision from debtors | |