If actual bad debts are more than the provision for bad debts, then there will be a_____________?

✅ A. Sales A/c

Option A : Sales A/c Option B : Cash sales A/c Option C : Sales return A/c Option D : Credit sales A/c Correct Answer : Sales A/c Read more

✅ C. Obsolescence

Option A : Routine repair and maintenance Option B : Misuse Option C : Obsolescence Option D : Wear and tear Correct Answer : Obsolescence Read more

✅ A. No flow

Option A : No flow Option B : Sources Option C : Uses Option D : Gain Correct Answer : No flow Read more

✅ A. Amortization

Option A : Amortization Option B : Loan Payment Option C : Liability Option D : Securitization Correct Answer : Amortization Read more

✅ A. 2,40,000

Option A : 2,40,000 Option B : 2,10,000 Option C : 2,00,000 Option D : 1,80,000 Correct Answer : 2,40,000 Read more

✅ A. Assets side

Option A : Assets side Option B : Liability side Option C : Profit & Loss A/c Option D : Debited to Capital A/c Correct Answer : Assets side Read more

✅ A. Credited to P&L A/c

Option A : Credited to P&L A/c Option B : Debited to P&L A/c Option C : Reduced from debtors in Balance Sheet Option D : Added to debtors in Balance Sheet Read More Details about this Mcq Correct Answer : Credited to P&L A/c Read more

✅ C. Results in the acquisition of a permanent asset

Option A : Benefits the current accounting period Option B : Will benefit the next accounting period Option C : Results in the acquisition of a permanent asset Option D : Results in the acquisition of a current asset Correct Answer : Results in the acquisition of a permanent asset Read more