Question
Which among the following statement is correct? Statement No 1 - An increase in the provision is a loss and a decrease in the provision
Which among the following statement is correct?
Statement No 1 - An increase in the provision is a loss and a decrease in the provision is a gain.
Statement No 2 New provision will be deducted from the sundry debtors and net amount will be shown in the asset side of balance sheet
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
3rd Edition
0471372668, 978-0471372660
