Multiple Choice
The writing off of a debtor's account as a bad debt when no allowance for doubtful debts has been made will see:
A) a decrease in the asset accounts receivable, decrease in equity.
B) no effect.
C) a decrease in the asset accounts receivable, increase in the liability provision for doubtful debts.
D) a decrease in the asset bank, decrease in the asset accounts receivable.
Correct Answer:
Verified
Correct Answer:
Verified
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