Accountancy, asked by swatisinghrajput0725, 1 day ago

amount set aside to meet losses due to bad debt is called
a) Reserve
b) Provision
c) Liability
d) none of these
​

Answers

Answered by swasti13feb
1

Answer:

provision

Explanation:

my teacher told me

Answered by seemapandey1508ilcom
1

Answer:

Correct option is C)

Financial accounting is based on certain concept and convention. Conservatism concept is one of these which signifies "playing safe". On this basis, all future losses are recorded in books of account

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