Q. The entry for creating a Provision for bad debts is (Solved)
1. Debit Provision for Bad Debts A/c and credit Debtors A/c
2. Debit Debtors A/c and credit Provision for Bad Debts A/c
3. Debit Provision for Bad Debts A/c and credit Profit & Loss A/c
4. Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.
- d. Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.