B Com Exam  >  B Com Questions  >  What is the purpose of eliminating a specific... Start Learning for Free
What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?
  • a)
    To increase the provision for doubtful debts.
  • b)
    To decrease the provision for doubtful debts.
  • c)
    To impact the income statement.
  • d)
    To adjust the accounts receivable balance.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of eliminating a specific customer invoice against...
Eliminating a specific customer invoice against the provision for doubtful debts involves debiting the provision for doubtful debts and crediting the accounts receivable account. This adjustment helps in adjusting the accounts receivable balance by removing the specific invoice that is not going to be paid. It doesn't impact the income statement directly but rather reflects the adjustment in the balance sheet.
Explore Courses for B Com exam

Top Courses for B Com

Question Description
What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer?.
Solutions for What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the purpose of eliminating a specific customer invoice against the provision for doubtful debts?a)To increase the provision for doubtful debts.b)To decrease the provision for doubtful debts.c)To impact the income statement.d)To adjust the accounts receivable balance.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam

Top Courses for B Com

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev