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HOw Was Accounting Paper 11 ???????????

Shakeel Rafi

Shakeel Rafi

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oahmed64 said:
What did u guys write for comparability question and the other question that asks you about how matching concept is applied in provision for doubtful debts and bad debts ?
Click to expand...

for comparability, i wrote that the financial statements should be useful in comparing with previous years and with other businesses in the same trade

for matching, i wrote the meaning of the matching concept, and that the increase in provision (which is found in the ledger a/c) is relating to the current year thus is treated as an expense in the same year's income statement, same for bad debts too.

hope it helped
 
L

Layla..

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Shakeel Rafi said:
for comparability, i wrote that the financial statements should be useful in comparing with previous years and with other businesses in the same trade

for matching, i wrote the meaning of the matching concept, and that the increase in provision (which is found in the ledger a/c) is relating to the current year thus is treated as an expense in the same year's income statement, same for bad debts too.

hope it helped
Click to expand...
i wrote the same
Which country do you reside in?
 
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