A bad debt recovered during the year will be

Related MCQs

• What happens when a bad debt is recovered?
• At the end of the year Bad Debts Recovered Account is
• 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
• Provision for bad debt is made as per the
• Amount set apart to meet loss due to bad debt is a
• There are 250 members in the Srikrishna Clu b where annual subscription is 500. During 2016-17, subscription received 97,500 and subscription receivable is 47,500. What amount of subscription received in advance during 2016-17?
• 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
• The original cost of the machine is 19,00,000; machine installation charges are 1,00,000; working life of the machine is 5 years and residual value is 40,000. If the depreciation is charged on Straight Line basis then 4th year’s depreciation will be: