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Do you agree or disagree with the following statement : Reserve for bad debts is created by debiting Profit and Loss Account. - Book Keeping and Accountancy

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MCQ
True or False

Do you agree or disagree with the following statement :
Reserve for bad debts is created by debiting Profit and Loss Account.

Options

  • Agree

  • Disagree

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Solution

Reserve for bad debts is created by debiting Profit and Loss Account.-Agree

Concept: Profit and Loss Account
  Is there an error in this question or solution?
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 9 Final Accounts of a Proprietary Concern
Exercises | Q 7. 1) | Page 318
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