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Question Practice

What is the purpose of creating a provision for bad and doubtful debts?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

What is the purpose of creatin...

Single Answer MCQ
Q-00053649

What is the purpose of creating a provision for bad and doubtful debts?

1

To increase profit

2

To prepare for potential losses

3

To attract more investors

4

To maximize cash flow

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