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Model Paper 3 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountModel Paper 31 Mark
MCQ
An increase in provision for bad debt will
  • A
    Decrease liabilities
  • B
    Increase Assets
  • C
    Increase net income
  • ✓
    Increase liabilities
✓

Answer

Correct option: D.
Increase liabilities
D
Increase liabilities
Explanation:
Provision for bad debt can deduct from debtors or can shown as a liability in the balance sheet. this will increase the liability balance or we can say reduces the assets balance.

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