Which of the following statements is not valid?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- 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
Correct Answer: Option E
Explanation:
Share question on: