When Making a Provision for Doubtful Debts,debtors' Subsidiary Ledgers Are

question 62

True/False

When making a provision for doubtful debts,debtors' subsidiary ledgers are not adjusted,as the provision is made in anticipation of likely unrecoverability of amounts owing,although the identity of who will not pay is unknown:

---

Definitions:

Curve

In economics, a curve often represents graphical data showing relationships between two variables, such as supply and demand or price and quantity.

Production

The process of creating goods and services, from the input of resources to the output of finished products.

Price Level

The average of the current prices of goods and services in the economy, often compared over time to assess inflation.

Equilibrium GDP

The level of real GDP at which aggregate supply equals aggregate demand, resulting in a stable economy without tendencies to change.