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If a provision is made for an impairment of 4,000 TL in stocks, which account should be credited?    a) 119 Provisions for Impairment of Securities (-) 4.000 TL  B) 649 Other Ordinary Income and Profits Hs. 4,000 TL  NS) 659 Other Ordinary Expenses and Losses 4,000 TL  D) 654 Provision Expenses Hs. 4,000 TL  TO) 110 Stocks Hs. 4,000 TL

If a provision is made for an impairment of 4,000 TL in stocks, which account should be credited?    a) 119 Provisions for Impairment of Securities (-) 4.000 TL  B) 649 Other Ordinary Income and Profits Hs. 4,000 TL  NS) 659 Other Ordinary Expenses and Losses 4,000 TL  D) 654 Provision Expenses Hs. 4,000 TL  TO) 110 Stocks Hs. 4,000 TL

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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13-If a provision is made for an impairment of 4,000 TL in stocks, which account should be credited?
  
 a)

119 Provisions for Impairment of Securities (-) 4.000 TL
 B)

649 Other Ordinary Income and Profits Hs. 4,000 TL
 NS)

659 Other Ordinary Expenses and Losses 4,000 TL
 D)

654 Provision Expenses Hs. 4,000 TL
 TO)

110 Stocks Hs. 4,000 TL
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