Ask a New Question

10. The purpose of making provisions for doubtful debts is:

A to cancel a particular debt
B to provide for possible bad debt
C to write off outstanding debts more than 9 months
D to follow up outstanding debts

1 answer

B to provide for possible bad debt

Ask a New Question or answer this question.

Similar Questions

business provides the following information:Debtors account balance K 8 000 Bad debts to be written off K 1 500 Provision for
1. 1 answer
Question 2 Balance Day AdjustmentsUsing the following information, prepare journal entry for provision for doubtful debts for
1. 1 answer
The debt snowball method involves . . .Group of answer choices . Paying off debts from largest to smallest Waiting until the
1. 1 answer
Which debt repayment method would you use if you wanted to pay off your debts in order of highest interest rate first, followed
1. 1 answer

more similar questions