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प्रश्न
Give the word / term or phrase which can substitute the following statement.
The amount which is not recoverable from debtors.
एक शब्द/वाक्यांश उत्तर
उत्तर
Bad debts
Explanation: The amount which is not recoverable from debtors due to their dishonesty, insolvency or death is regarded as bad debts for the firm. It is a loss to the firm and must be written on the debit side of the Profit & Loss Account.
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Effects of Adjustments-Bad and Doubtful Debts
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संबंधित प्रश्न
The amount which is not recoverable from the debtors.
| Group ‘A’ | Group ‘B’ |
| (a) Bad debts | (1) Dishonour of cash bill |
| (b) Excess of assets over liabilities | (2) Indicates profit of joint venture |
| (c) Notary public | (3) Indicates loss of joint venture |
| (d) Credit balance of joint venture a/c | (4) System software |
| (e) Operating system | (5) Drawings |
|
|
(6) Capital |
|
|
(7) Recoverable amount from debtors |
|
|
(8) Non-recoverable amount from debtors |
Answer in one sentence only.
What is bad debts?
State whether the following statement is True or False.
Discount allowed to debtors is called as bad debts.
