Which of the following is the effect of a reduction in the provision for doubtful…

Accounts - Principles of Accounts WAEC 1995

Which of the following is the effect of a reduction in the provision for doubtful debts?

  • reduction in net profit
  • reduction in cash balance
  • reduction in gloss profit
  • increase in gross profit
  • increase in net profit checkmark

The correct answer is: E

Explanation

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