Reserve for doubtful debts appearing in the trial balance should be:
A. credited to P & L a/c
B. Shown as liability side in balance sheet
C. Reduced from related asset in the balance sheet
D. Both a and c
Answer:B
Reserve for doubtful debts appearing in the trial balance should be:
A. credited to P & L a/c B. Shown as liability side in balance sheet C. Reduced from related asset in the balance sheet D. Both a and c