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Question
Which account is credited while creating a provision for doubtful debts in the books?
Options:
A .  Bad debts account
B .  Debtors account
C .  Provision for doubtful debts account
D .  Profit & loss account
Answer: Option C
:
C
The correct adjusting entry is:
Profit & loss A/c Dr
To Provision for doubtful debts A/c

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