Home » Accounts (Principles of Accounts) » In preparing the final accounts, the bad debt account is closed by a transfer to…In preparing the final accounts, the bad debt account is closed by a transfer to… In preparing the final accounts, the bad debt account is closed by a transfer to the? A. balance sheet B. provision for bad debt account C. profit and loss account D. trading account Correct Answer: Option C Explanation Related Posts A collection of fields relating to one logically definable unit of business information is known… The total credit sales for a period can be extracted from the A document which acknowledges that a company owes a named person a stated sum of… The process whereby a cheque received by one person is given to another is known… When shares are oversubscribed, the promoters may decide to scale down. When this is done,… Which of the following is accounted for in receipts and payment account
