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Question Practice

What is the accounting entry for recording a provision for doubtful debts?

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MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

What is the accounting entry f...

Single Answer MCQ
Q-00053654

What is the accounting entry for recording a provision for doubtful debts?

1

Debit Provision for Doubtful Debts, Credit Profit and Loss A/c

2

Debit Profit and Loss A/c, Credit Provision for Doubtful Debts

3

Debit Asset Account, Credit Provision for Doubtful Debts

4

Debit Bad Debts Expense, Credit Cash

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