A

Admin • 833.24K Points
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Q. Provision for bad debts is created as per which accounting concept?

  • (A) Consistency
  • (B) Conservatism
  • (C) Matching
  • (D) Accrual
  • Correct Answer - Option(B)
  • Views: 20
  • Filed under category Accounting
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Explanation by: Admin

Conservatism concept suggests creating provisions to account for possible losses.

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