Which account is credited while creating a provision for doubtful debts in the books?

Bad debts account

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Debtors account

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Provision for doubtful debts account

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Profit & loss account

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Solution

The correct option is C
Provision for doubtful debts account

The correct adjusting entry is:

Profit & loss A/c Dr

To Provision for doubtful debts A/c

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Similar questions

Prepare the bad debts account, provision for account, profit and loss account and balance sheet from the following information as on March 31, 2017

	Rs
Debtors	80,000
Bad debts	2,000
Provision for doubtful debts	5,000

Adjustments:

Bad Debts Rs 500 Provision on Debtors @ 3%.

Q. The entry for creating provision for doubtful debts is debit and credit provision for doubtful debts account.

Which account is debited while creating a provision for doubtful debts in the books?

An extract of Trial balance from the books of Tahiliani and Sons Enterprises on Marc 31 2017 is given below:

Name of the Account	Debit Amount Rs	Credit Amount Rs

Sundry debtors	50,000
Bad debts	6,000
Provision for doubtful debts		4,000

Additional Information:

Give necessary accounting entries for writing off the bad debts and creating the provision for doubtful debts account. Also, show the necessary accounts.

Q. Question: An extract of Trial balance from the books of Tahiliani and Sons Enterprises on December 31, 2005, is given below.

Name of Account	Debit Amt. (Rs)	Credit Amt. (Rs)
Sundry debtors	$50, 000$
Bad debts	$6, 000$
Provision for doubtful debts		$4, 000$

Additional Information
Bad Debts proved bad not recorded amounted to Rs

2, 000

.
Provision is to be maintained at

8 %

of Debtors.
Give necessary accounting entries for written off the bad debts and creating the provision for doubtful debts account. Also, show the necessary accounts.

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Which account is credited while creating a provision for doubtful debts in the books?

The correct option is C Provision for doubtful debts account The correct adjusting entry is: Profit & loss A/c Dr To Provision for doubtful debts A/c

The correct option is C
Provision for doubtful debts account

The correct adjusting entry is:

Profit & loss A/c Dr

To Provision for doubtful debts A/c