When provision is made for doubtful debt, the accounting ...
When provision is made for doubtful debt, the accounting entries are debit
Profit and loss account, credit debtors account
Debtors account, credit trading account
Profit and loss account, credit sales account
Trading account, credit debtors account
Profit and loss account, credit provision for doubtful debt account
Correct answer is A
No explanation has been provided for this answer.
The entries for credit sales at branch where the head office keeps all records are: Debit ...
The rule of accounting equation requires that account payable should be placed under ...
Accounting term used to describe the excess of current assets over current liabilities is ...
Debts that a firm is unable to recover are debited to bad debts account and credited to ...
The instrument used in analysis and interpretation of financial statement is the ...
A book that contains the account for the financial transactions of an organizations is the ...