Q
The creation of provision for doubtful debts given as an adjustment requires____________?
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A
A. Debit profit and loss account and deduct the provision from debtors
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B
B. Credit profit & loss account and deduct the provision from debtors
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C
C. Credit profit and loss account and add the provision to debtors
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D
D. Debit profit & loss account and add the provision to debtors
Correct Answer:
A. A. Debit profit and loss account and deduct the provision from debtors
