The provision for bad debts is debited to sundry debtors account. [Dec. 2021, 2 Marks]
Options
A
B
C
D
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Preparation of Final Accounts of Sole ProprietorsQ-2 | Final Accounts of Sole ProprietorsQuestion 5111 of 40
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Provision for Bad debts is created on Sundry debtors, but it is debited to Profit & Loss
A/c only.
More Questions from Preparation of Final Accounts of Sole Proprietors
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