Accounting · Provisions and Reserves

When a provision for doubtful debts is created on debtors, it will:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Reduce assets only
2Reduce profits only
3Reduce both profits and assets✓
4Increase liabilities

Correct answer

Reduce both profits and assets

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When a provision for doubtful debts is created on debtors, it will:

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When a provision for doubtful debts is created on debtors, it will:

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