The adjustment entry for creating provision for discount on debtors is- Profit or loss A-c Dr nbsp- nbsp- nbsp- nbsp- nbsp- To Provision for discount on debtors A-cFalseTrue

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Recording Provision for Discount

The adjustmen...

Question

The adjustment entry for creating provision for discount on debtors is:

Profit or loss A/c Dr
To Provision for discount on debtors A/c

False

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True

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What is the correct accounting adjustment entry to record provision for discount on debtors?

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