Which of the following statements is not valid - WAEC Accounting 1994 Question
Which of the following statements is not valid?
A
provision for bad debts is deducted from debtors total in the Balance sheet
B
An increase in provision for bad debts appears on the debi side of the profit and loss account
C
a decrease in the provison for bad debts appears on the credit side of profit and loss accoun
D
the bas debt account is closed to the debit side of the profit and loss account
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Correct Option: E
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