Bad debts written off in the period are charged to:
AStatement of changes in equity
BStatement of profit or lossCORRECT
CStatement of financial position only
DCash flow only
CIBNFinancial Accounting
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Toaster Teacher
Why the answer is B, and why the others tempt you.
Bad debts and changes in allowance for doubtful debts are recognised as P&L expense.
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