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Question #72860

The entry for creating a Provision for bad debts is_____________?

Options:

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.

Answer: The entry for creating a Provision for bad debts is Debit Profit and Loss A/c and credit Provision for Bad Debts A/c..

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