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Question Practice

Which of the following statements about provisions for bad debts is TRUE?

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

Which of the following stateme...

Single Answer MCQ
Q-00053652

Which of the following statements about provisions for bad debts is TRUE?

1

It increases the asset side of the balance sheet.

2

It minimizes the reported profit.

3

It is not necessary for financial reporting.

4

It only affects the cash flow.

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