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प्रश्न
State Whether the following Statement is True or False:
Increase in provision for doubtful debts is a gain for the firm.
चूक किंवा बरोबर
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उत्तर
The statement is false.
Explanation:
An increase in provision for doubtful debts is a loss for the firm because it reduces the value of debtors and decreases the firm’s profit.
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