When provision is made for doubtful doubt, the accounting...
When provision is made for doubtful doubt, the accounting entries are
Debit profit and loss account; credit provision for doubtful debt account
Debit debtors account; credit trading account
Debit profit and loss account ; credit sales account
Debit trading account; credit debtors account
Correct answer is A
No explanation has been provided for this answer.
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Buhari and Osinbajo are in partnership with the following partnership agreement Buhar...
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Ata, Bubu and Chikum were in partnership sharing profits and losses in proportion to their capi...
In preparing the final accounts, the bad debt account is closed by a transfer to the ...