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Financial Statements - 2 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements - 21 Mark
Question
What is meant by Provision for Doubtful Debts?
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Answer

Provision for Doubtful Debts means provision made against debts of the amount that are doubtful of recovery. It is calculated as a percentage of debtors.

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