Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 9 - No. 9)
On the statement of financial position, where are the provision for doubtful debts recorded?
As a current asset.
As an addition to accounts receivable.
As a deduction from accounts receivable.
As a liability.
Explanation
The provision reduces the stated value of the accounts receivable.
Comments (0)
