An increases in the provision for doubtful debts results is aan

An increases in the provision for doubtful debts results is aan

  • A.
    increase in the gross profit
  • B.
    decrease in the gross profit
  • C.
    decrease in the net profit
  • D.
    increase in the net profit
Correct Answer: Option C
Explanation

The higher the provision for doubtful debt, the lower the net profit at the end of the period

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