Select the most appropriate alternatives from those given below and rewrite the statements :

Amount which is not recoverable from customer is known as _____.
a) Debts
b) Debtors
c) Bad Debts
d) Doubtful debts.

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Solution

Amount which is not recoverable from customer is known as Bad debts.

Explanation:
Bad debts are the amounts owed from the debtors and are written off when they become irrecoverable.

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Similar questions

Q. Select the most appropriate alternatives from those given below :

Entry for bad debts is recorded in the ________.
a) sales book
b) purchase book
c) cash book
d) journal proper

An extract of Trial balance from the books of Tahiliani and Sons Enterprises on Marc 31 2017 is given below:

Name of the Account	Debit Amount Rs	Credit Amount Rs

Sundry debtors	50,000
Bad debts	6,000
Provision for doubtful debts		4,000

Additional Information:

Give necessary accounting entries for writing off the bad debts and creating the provision for doubtful debts account. Also, show the necessary accounts.

Prepare the bad debts account, provision for account, profit and loss account and balance sheet from the following information as on March 31, 2017

	Rs
Debtors	80,000
Bad debts	2,000
Provision for doubtful debts	5,000

Adjustments:

Bad Debts Rs 500 Provision on Debtors @ 3%.

An extract of Trial balance from the books of Tahiliani and Sons Enterprises on December 31, 2005 is given below

$\begin{matrix} Name of Account & Debit Amt. (Rs) & Credit Amt. (Rs) Sundry debtors & 50,000 Bad debts & 6,000 Provision for doubtful debts & 4,000 \end{matrix}$

Additonal Information:

1. Bad debts proved bad but not recorded amounted to Rs. 2,000.

2. Provision is to be maintained at 8 % of Debtors.

Give necessary accounting entries for written off the bad debts and creating the provision for doubtful debts account. Also, show the necessary accounts.

Q. Question: An extract of Trial balance from the books of Tahiliani and Sons Enterprises on December 31, 2005, is given below.

Name of Account	Debit Amt. (Rs)	Credit Amt. (Rs)
Sundry debtors	$50, 000$
Bad debts	$6, 000$
Provision for doubtful debts		$4, 000$

Additional Information
Bad Debts proved bad not recorded amounted to Rs

2, 000

.
Provision is to be maintained at

8 %

of Debtors.
Give necessary accounting entries for written off the bad debts and creating the provision for doubtful debts account. Also, show the necessary accounts.

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Select the most appropriate alternatives from those given below and rewrite the statements : Amount which is not recoverable from customer is known as _____. a) Debts b) Debtors c) Bad Debts d) Doubtful debts.

Amount which is not recoverable from customer is known as Bad debts. Explanation: Bad debts are the amounts owed from the debtors and are written off when they become irrecoverable.

Select the most appropriate alternatives from those given below and rewrite the statements :

Amount which is not recoverable from customer is known as _____.
a) Debts
b) Debtors
c) Bad Debts
d) Doubtful debts.

Amount which is not recoverable from customer is known as Bad debts.

Explanation:
Bad debts are the amounts owed from the debtors and are written off when they become irrecoverable.