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Standard XI

Accountancy

Recording Bad Debts

The term usua...

Question

The term ______ usually refers to accounts receivable that will not be collected.

Debtors

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Bad debts

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Provision for bad debts

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None of the above

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Solution

The correct option is B
Bad debts

Bad debts refer to accounts receivable that will not be collected.

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Similar questions

Q. Prepare the bad debts account, provision for bad debts account, profit and loss account and balance sheet from the followii information as on December, 31, 2011.
(Rs.)
Debtors 80,000
Bad Debts 2,000
Provision for bad debts 5,000
Adjustments
Bad debts Rs. 500, Provision on debtors @ 3%.

Prepare the bad debts account, provision for bad debts account, profit and loss account and balance sheet from the following information as on December 31, 2011.

Rs.

Debtors 80,000

Bad Debtors 2,000

Provision for bad debts 5,000

Adjustments:

Bad debts Rs. 500, Provision on debtors @ 3%.

Q. Question: The following information is extracted from the Trial Balance of M/s Nisha traders on 31 December 2005.

Sundry Debtors	$80, 500$
Bad debts	$1, 000$
Provision for bad debts	$5, 000$
Additional Information
Bad Debts	Rs $500$

Provision is to be maintained at

2 %

of Debtors.
Prepare Bad debts account, Provision for bad debts account and Profit and Loss account.

The following information is extracted from the Trial Balance of M/s Nisha Traders on 31 March 2017.

Sundry Debtors	80,500
Bad Debts	1,000
Provision for Bad Debts	5,000

Additional Information

Bad Debts Rs 500

Provision is to be maintained at 2% of Debtors

Prepare bad debts account, Provision for bad debts account and profit and loss account.

The following balances appeared in the trial balance of M/s Kapil Traders as March 31, 2012.

Sundry debtors 30,500

Bad debts 500

Provision for bad debts 2,000

The partners of the firm agreed to records the following adjustments

in the books of the Firm. Further bad debts Rs 300. Maintain

provision for bad debts 10 $%$ . Show the following adjustments in

the bad debts account, provision account, debtors account, profit

and loss account and balance sheet.

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The term ______ usually refers to accounts receivable that will not be collected.

The correct option is B Bad debts Bad debts refer to accounts receivable that will not be collected.

The correct option is B
Bad debts

Bad debts refer to accounts receivable that will not be collected.