Multiple Choice Questions on Bad debts are transfer to hellip hellip at the year end ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Bad debts are transfer to hellip hellip at the year end ........

General Accounting Principles Accounting cycles
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    Bad debts are transfer to…….at the year end

    P&L account

    Incorrect Answer

    Provision for bad & doubtful debts account

    Incorrect Answer

    First Provision for bad & doubtful debts account than remaining in P&L

    Correct Answer

    First P&L than remaining to Provision for bad & doubtful debts

    Incorrect Answer
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    Explanation:

    If provision for bad debts are maintained then bad debts are first adjusted through it and then remaining amount is shwon in the profit & loss account.

    By: NIHARIKA WALIA
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