At the end of the year Bad Debts Recovered Account is

Related MCQs

• At the time of preparation of financial accounts, balance of Bad Debts Recovered Account will be transferred to
• The debts written off earlier as bad, subsequently recovered are
• A bad debt recovered during the year will be
• What happens when a bad debt is recovered?
• Income and Expenditure account shows subscription at 2,50,000. Subscriptions accrued in the beginning of the year and at the end of the year were 25,000 and 37,500 respectively. The amount of subscriptions received appearing in re ceipts and payments account will be
• The Depreciation Account is closed at the end of the year by transfer to the
• Book debts normally has ……………………… balance.
• There are 100 members each p aying an annual subscription of 500. The Receipt and Payment account shows arrear subscription of 4,500, advance subscriptions 6,000 and current 44,500. How much amount to be credited in the Income and Expenditure account?
• Provision for bad debt is made as per the
• Amount set apart to meet loss due to bad debt is a