Journal for Bad Debts
Trending Questions
Q.
What is the entry of provision for bad debts?
Q.
The rule for nominal accounts is:
Q.
Ram owes Rs 1, 00, 000 to Shyam Trading Company. He has become bankrupt & has shown that he cannot repay the money to Shyam Trading company. Which of the following is correct in this situation?
Bad debts account is credited
Ram`s personal account is credited
A & C both
Bad debts account is debited
Q. Sundry Debtors closing balance Rs. 20000 , Further Bad debts Rs. 1000 , Provision for Bad Debts 5% , Ascertain the amount of Provision______.
- 1900
- 800
- 850
- 950
Q. A bad debt recovered during the year is a __________.
- capital expenditure
- revenue expenditure
- capital receipt or gain
- revenue receipt
Q. 15. Mr. Dinanath who owed us Rs. 50, 000 became insolvent and paid only 40% of this amount. What is the term used for the amount not received?
