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