Advertisement Remove all ads

Give a word, term, or phrase which can substitute the following statement:The provision made to compensate the loss on account of likely debts. - Book Keeping and Accountancy

One Line Answer

Give a word, term, or phrase which can substitute the following statement:
The provision made to compensate the loss on account of likely debts.

Advertisement Remove all ads

Solution

Provision for bad and doubtful debts

Concept: Profit and Loss Account
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 9 Final Accounts of a Proprietary Concern
Exercise Q.2 | Q 7 | Page 316
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×