A. debited to the provision account and credited to profit and loss account
B. debited to the asset account and credited to profit and loss account
C. debited to profit and loss account and credited provision account
D. debited to the asset account and credited to the provisio account
E. debiited to theprovisiom account and credited to the asser account
Correct Answer:
Option C – debited to profit and loss account and credited provision account
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