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Which of the following statements is not valid?

Accounts - Principles of Accounts
WAEC 1994

Which of the following statements is not valid?
  • A. provision for bad debts is deducted from debtors total in the Balance sheet
  • B. An increase in provision for bad debts appears on the debi side of the profit and loss account
  • C. a decrease in the provison for bad debts appears on the credit side of profit and loss accoun
  • D. the bas debt account is closed to the debit side of the profit and loss account
  • E. bad debt is a deduction from debtors total afte making provision for bad and boughtful debts
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Correct Answer: Option E
Explanation
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