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Question
Select the most appropriate alternative from those given below:
An amount which is irrecoverable is called ________ .
Select the most appropriate alternative from those given below:
An amount which is irrecoverable is called ________ .
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Solution
The correct option is A Bad debts
During the business operations, goods are sold on credit basis also. These are called sundry debtors and part of current assets. There are few people , who in turn some time not pay the amount or party paid. Hence some amount is kept as unrecoverable which is called bad debts.
During the business operations, goods are sold on credit basis also. These are called sundry debtors and part of current assets.
There are few people , who in turn some time not pay the amount or party paid. Hence some amount is kept as unrecoverable which is called bad debts.
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