Question #72860
The entry for creating a Provision for bad debts is_____________?
Options:
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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Accounting Related Questions
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Q1.Building and furniture are called ____________?
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Q2.When owner withdraw cash for its private use, it is called ___________?
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Q3.Assets having physical existence are called ___________?
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Q4.The assets which have some market value are called ____________?
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Q5.The assets which come into existence upon the happening of a certain event are called__________?
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Q6.Income earned but not received is called ____________?
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Q7.Debts which are payable in the course of a month are called _____________?
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Q8.The unsold goods are ______________?
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Q9.The systems of accounting are _____________?
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Q10.A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?
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