[Total 10 marks] (4 marks) (3 marks) (3 marks) Question 4 Businesses often create provision for doubtful debts.
4.1 Of which concept/convention is this an example? Explain.
4.2 What is the purpose for creating the provision for doubtful debts? 4.3 What is the difference between bad debts and the provision for doubtful debts?
