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Question Practice

Why is estimating bad debts considered a prudent accounting practice?

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

Why is estimating bad debts co...

Single Answer MCQ
Q-00053657

Why is estimating bad debts considered a prudent accounting practice?

1

It inflates profits.

2

It reflects cash on hand.

3

It provides a realistic financial picture.

4

It does not affect the balance sheet.

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