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Realisation of Assets and Liabilities - Comprehensive

In case a bad...

Question

In case a bad debt occured , the account should be credited to -

A

Debtors account

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B

Bad debts account

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C

Cash account

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D

Sales A/c

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Solution

The correct option is C Debtors account
When there is a bad debt, you will credit debtors account and debit allowance for doubtful accounts.

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