Accountancy, asked by comedyfun301, 7 months ago

Reserve for doubtful debts appearing in the cr. side of trial balance should be _______________. a) credited to profit and loss Account (b) shown in liability side of balance sheet (c) reduced from related asset in balance sheet (d) both a and
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Answers

Answered by Rieea
4

Reserve for doubtful debts appearing in credited side of profit and loss Account and also the liability side of balance sheet ..This was two side adjustments.

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