Bad debts report for a given product, Stock valuation report are prepared under ________ reports.

summary

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demand

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exception

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responsibility

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Solution

The correct option is C demand
Demand Reports This reports are prepared only when the management request them, e.g,Bad Debts Report for a given product ,Stock Valuation Report.

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If you are asked to prepare the weather report of a day, which of the following parameter would you not use to prepare the weather report?

A. Bad Debts A/c To Consignment Debtors A/c	Dr.
B. Bad Debts A/c To Profit & Loss A/c	Dr.
C. Bad Debts A/c To Consignee A/c	Dr.
D. No entry is required to be passed

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