Reserve for doubtful debts appearing in the trial balance should be:a) credited to P & L a/c b) Shown as liability side in balance sheet c) Reduced from related asset in the balance sheet d) Both a and b e) Both a and c

Reserve for doubtful debts appearing in the trial balance should be:a)

1.	Reserve for doubtful debts appearing in the trial balance should be:a) credited to P & L a/c b) Shown as liability side in balance sheet c) Reduced from related asset in the balance sheet d) Both a and b e) Both a and c
Answer» e) Both a and c

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Reserve for doubtful debts appearing in the trial balance should be:a) credited to P &amp; L a/c b) Shown as liability side in balance sheet c) Reduced from related asset in the balance sheet d) Both a and b e) Both a and c

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Reserve for doubtful debts appearing in the trial balance should be:a) credited to P & L a/c b) Shown as liability side in balance sheet c) Reduced from related asset in the balance sheet d) Both a and b e) Both a and c