The entry for creating a Provision for bad debts is_____________??

Accounting Mcqs
BILAL KHATTAK0

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

Related Mcqs:

  1. If actual bad debts are more than the provision for bad debts, then there will be a_____________??
  2. The creation of provision for doubtful debts given as an adjustment requires____________??
  3. The normal balance of capital account is_____________??
  4. Goods in stock worth 800 are destroyed by fire and the Insurance Co. is accepted the claim for 600. Adjustment would involve?
  5. Bad debts recovered account will be transferred to______________??
  6. Which of the following is not a contingent liability??
  7. If debit balance is greater than creadit balance then the account blance will be__________??
  8. Debit side of Bank Pass book corresponds to___________??
  9. The normal balance of liability account is____________??
  10. The normal balance of asset account is____________??

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