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.
When the fixed capital method is used, the partners' share of profits and remunerations are cred...
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The account that shows both the cash and bank transactions of an enterprise is ...