Economics · Financial Accounting
What is the effect of an increase in the allowance for receivables?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It decreases liabilities.
- 2It increases trade receivables.
- 3It decreases net assets.✓
- 4It increases gross profit.
Correct answer
It decreases net assets.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Financial Accounting MCQs →Want more practice questions on Financial Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Financial Accounting