Question: When a provision (allowance) is no longer necessary (a) An expense account is decreased (b) A revenue account is increased (c) Both solutions are possible,
When a provision (allowance) is no longer necessary
(a) An expense account is decreased
(b) A revenue account is increased
(c) Both solutions are possible, it depends on the country
(d) None of these AppendixLO1
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
