Accounting · Final Accounts Adjustments
Where is the 'Provision for Bad Debts' shown in final accounts when given as an adjustment outside the trial balance? I. Debit side of Profit and Loss Account II. Credit side of Profit and Loss Account III. Deducted from Debtors in Balance Sheet IV. Added to Debtors in Balance Sheet
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1II and III
- 2II and IV
- 3I and III✓
- 4I and IV
Correct answer
I and III
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