What are bad debts and provisions for doubtful ... - SS1 Accounting Adjustments In Profit And Loss Account Question
What are bad debts and provisions for doubtful debts?
A
Adjustments made to recognize revenue or expenses that have already been recorded
B
Adjustments made to recognize revenue or expenses that have not been recorded yet
C
Adjustments made to account for debts that are unlikely to be collected from customers
D
Adjustments made to allocate the cost of assets over their useful lives
correct option: c
Please share this, thanks:
Add your answer
No responses