If there is no existing provision for doubtful debts, provision created for doubtful debts is………………….
A. Debited to bad debts account
B. Debited to sundry debtors account
C. Credited to bad debts account
D. Debited to profit and loss account
Answer:D
If there is no existing provision for doubtful debts, provision created for doubtful debts is………………….
A. Debited to bad debts account B. Debited to sundry debtors account C. Credited to bad debts account D. Debited to profit and loss account