The accounting entries required for increase in provision for doubtful debts are?

A. debit profit and loss account, credit provision for doubtful debts account
B. credit provision for doubtful debts account; debit profit and loss account
C. credit trading account; credit provision and doubtful debts account
D. credit trading trading account; debit provision for doubtful debts account
E. credit debtor’s account; debit provision for doubtful debts account

Correct Answer:

Option A – debit profit and loss account, credit provision for doubtful debts account