Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 3 - No. 23)

A provision for doubtful debts assures a proportionate assessment of the money owed until the business will not be collected. It has main effects on the ____.
Income Statement
Asset
Liability
Expenses

Explanation

A provision for doubtful debts will have an effect on the Income Statement.

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