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Commerce · Q429

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 429

Q429

Reserve for doubtful debts appearing in the trial balance should be:

A.
Credited to P & L a/c
B.
Shown as liability side in balance sheet
C.
Reduced from related asset in the balance sheet
D.
Both A and C
Answer

Answer: Option D

Solution

Answer: Option D
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