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In case of joint stock companies, how should book debts be classified for balance sheet purposes?a)All book debts should be treated as doubtful and provisioned for.b)Book debts should be shown in a single category without classification.c)Book debts should be classified based on the age of the debt and creditworthiness.d)Book debts should be classified alphabetically by the debtor's name.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In case of joint stock companies, how should book debts be classified for balance sheet purposes?a)All book debts should be treated as doubtful and provisioned for.b)Book debts should be shown in a single category without classification.c)Book debts should be classified based on the age of the debt and creditworthiness.d)Book debts should be classified alphabetically by the debtor's name.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In case of joint stock companies, how should book debts be classified for balance sheet purposes?a)All book debts should be treated as doubtful and provisioned for.b)Book debts should be shown in a single category without classification.c)Book debts should be classified based on the age of the debt and creditworthiness.d)Book debts should be classified alphabetically by the debtor's name.Correct answer is option 'C'. Can you explain this answer?.

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