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