Q421
Which of the following formula is correct to calculate provision on debtors to be transferred to Profit and Loss Account?
A.
Bad Debts + New Provision - Old Provision
B.
Provision on Debtors + New Provision + Bad Debts - Further Bad Debts
C.
Bad Debts + New Bad Debts + New Provision - Old Provision
AnswerD.
New Provision on Debtors + Old Provision made for Bad Debts
Answer: Option C
Solution
Answer: Option C
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