MCQ Practice

The entry for creating a Provision for bad debts is_____________?

Subject: AccountingTopic: Accounting
A

Debit Provision for Bad Debts A/c and credit Debtors A/c

B

Debit Debtors A/c and credit Provision for Bad Debts A/c

C

Debit Provision for Bad Debts A/c and credit Profit & Loss A/c

D

Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.Accounting & Auditing

Correct Answer: D