Bad Debts is shown on _ side of _ account

Debit, Profit or loss

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Credit, Profit or loss

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Debit, Trading

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Credit, Trading

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Solution

The correct option is A
Debit, Profit or loss

Bad Debts is shown on the debit side of profit or loss account.

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Similar questions

Q. All except _________ are shown on debit side of trading and profit and loss a/c.

State whether the following statement are true or false.

1. Final Accounts are prepared on the basis of Trial Balance.
2. Trading Account is a part of Profit & Loss Account.
3. Profit Loss Account is prepared to find out Gross Profit or Gross Loss.
4. Gross Profit or Gross Loss is transferred to Balance Sheet.
5. An amount of net profit is added to the capital.
6. All indirect expenses are debited to trading account.
7. Balance Sheet is a statement and not an account.
8. Capital account is a personal account.
9. Amount of prepaid expenses appears on assets side.
10. Bank Overdraft is a liability of business concern.

Q. Trial balance provides you the following information:
Debtors 80,000
Bad debts 2,000
Provision for bad debts 4,000
It is desired to maintain a provision for bad debt of 1,000. State the amount to be debited/credited in profit and loss account.

Q. Excess of credit over debit in Profit and Loss A/c indicates ________.

Q. Trading and Profits & Loss A/c is based on _______________.

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Bad Debts is shown on _____ side of _____ account

The correct option is A Debit, Profit or loss Bad Debts is shown on the debit side of profit or loss account.

Bad Debts is shown on _ side of _ account

The correct option is A
Debit, Profit or loss

Bad Debts is shown on the debit side of profit or loss account.