Question on: WAEC Accounting - 2012
An increases in the provision for doubtful debts results is a\an
A
increase in the gross profit
B
decrease in the gross profit
C
decrease in the net profit
D
increase in the net profit
Ask EduPadi AI for a detailed answer
Correct Option: C
The higher the provision for doubtful debt, the lower the net profit at the end of the period
Add your answer
Please share this, thanks!
No responses