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If bad debt reserve is given only in trial balance then where its effect would appear in final accounts?(a) Debit side of Profit and Loss Account(b) Credit side of Profit and Loss Account(c) Deducted from debtors, on Assets side of Balance Sheet(d) Added in assets side of debtors in Balance Sheet |
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Answer» Correct option is (c) Deducted from debtors on Assets side of Balance Sheet |
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