Provision for doubtful debts is shown in balance sheet at liabilities side. In revaluation account If the provision for doubtful debts is increase where will be show?
Answers
Answered by
2
The provision for doubtful debts is an accounts receivable contra account, so it should always have a credit balance, and is listed in the balance sheet directly below the accounts receivable line item. The two line items can be combined for reporting purposes to arrive at a net receivables figure.
Answered by
0
Answer:in credit side
Explanation:because liability is increasing
Similar questions