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Which of the following is best described as: Estimate of receivables that may become uncollectible

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Question ID #25893 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Accounting Principles Sectional Test 2026 Medium

Which of the following is best described as: Estimate of receivables that may become uncollectible

Correct Answer: B. Provision for doubtful debts
The correct answer is Provision for doubtful debts. Estimate of receivables that may become uncollectible

Question: Which of the following is best described as: Estimate of receivables that may become uncollectible

A. Current liability

B. Provision for doubtful debts

C. Journal

D. Straight-line method

Correct Answer: B. Provision for doubtful debtsThe correct answer is Provision for doubtful debts. Estimate of receivables that may become uncollectible

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Which of the following is best described as: Estimate of receivables that may become uncollectible - MCQ Explanation

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Correct answer: B. Provision for doubtful debts