A

Admin • 831.35K Points
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Q. Provision for discount on creditors is:

  • (A) An asset
  • (B) A liability
  • (C) Not allowed
  • (D) An expense
  • Correct Answer - Option(C)
  • Views: 17
  • Filed under category Accounting
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Explanation by: Admin
Provision for discount on creditors is not allowed as it results in anticipated profit.

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