Which of the following statements is not valid?
- provision for bad debts is deducted from debtors total in the Balance sheet
- An increase in provision for bad debts appears on the debi side of the profit and loss account
- a decrease in the provison for bad debts appears on the credit side of profit and loss accoun
- the bas debt account is closed to the debit side of the profit and loss account
-
bad debt is a deduction from debtors total afte making provision for bad and boughtful debts
