The amount set aside to meet the loss of bad debt is
A)Provision
B)liability
C)reserve
D)contingent liability

Name: The amount set aside to meet the loss of bad debt is A)Provision B)liability C)reserve D)contingent liability
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Question

Quizplus · Accepted Answer

Provision is the correct term for the amount set aside to meet the anticipated loss of bad debt, as it is an estimate of future expenses that will be incurred due to customers not paying what they owe.

The Amount Set Aside to Meet the Loss of Bad