Q. The creation of provision for doubtful debts given as an adjustment requires (Solved)
1. Debit Profit and Loss Account and deduct the provision from debtors
2. Credit Profit & Loss Account and deduct the provision from debtors
3. Credit Profit and Loss Account and add the provision to debtors
4. Debit Profit & Loss Account and add the provision to debtors
- a. Debit Profit and Loss Account and deduct the provision from debtors