In case of a debt becoming bad and doubtful, the amount is credited to _________? a) Bad Debts A/c - (c) Debtors A/c Description: When a debt becomes bad and doubtful the following entry is passed: Bad Debts A/c Dr. To Debtors A/c ( Being bad debts written off) - Journal Entries Interview Questions and Answers

CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions

OneStopTesting.com - Testing EBooks, Tutorials, Articles, Jobs, Training Institutes etc.
OneStopGate.com - Gate EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopMBA.com - MBA EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopIAS.com - IAS EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopSAP.com - SAP EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopGRE.com - of GRE EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.

Sponsored Links

Interview Questions

INTERVIEW QUESTIONS

ACCOUNTING PROCESS

JOURNAL ENTRIES

DETAILS

Question: In case of a debt becoming bad and doubtful, the amount is credited to _________?
a) Bad Debts A/c
b) Creditors A/c
c) Debtors A/c
d) Capital A/c

Answer: (c) Debtors A/c
Description: When a debt becomes bad and doubtful the following entry is passed:
Bad Debts A/c Dr.
To Debtors A/c
( Being bad debts written off)

Category	Journal Entries Interview Questions & Answers - Exam Mode / Learning Mode
Rating	(0.2) By 8151 users
Added on	7/31/2016
Views	69304
Rate it!

Question: In case of a debt becoming bad and doubtful, the amount is credited to _________?
a) Bad Debts A/c
b) Creditors A/c
c) Debtors A/c
d) Capital A/c

Answer:

(c) Debtors A/c
Description: When a debt becomes bad and doubtful the following entry is passed:
Bad Debts A/c Dr.
To Debtors A/c
( Being bad debts written off) Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

There should not be any Spelling Mistakes.

There should not be any Gramatical Errors.

Answers must not contain any bad words.

Answers should not be the repeat of same answer, already approved.

Answer should be complete in itself.

	Related Questions	View Answer
	Capital Account is a _________ a) Real A/c b) Personal A/c c) Nominal A/c d) None of these	View Answer
	Goods given as charity credited to: a) Charity A/c b) Purchases A/c c) Drawings A/c d) Sales A/c	View Answer
	Journal and subsidiary books in which transactions are first recorded are known as:- (a) Secondary Books (b) Ledger Books (c) Primary Books (d) Account Books	View Answer
	Provision for bad debts as on 1.4.08 Rs. 1,000 during the year 2008-09 there were no bad debts and debtors as on 31.3.09 were Rs. 90,000. Provision for bad- debts required @ 1% which of the following journal entry will be passed on 31.3.09? a) P&L A/cDr. 100 To Provision for doubtful debts A/c 100 b)Provision for Doubtful Debts A/c Dr. 100 To P&L A/c100 c) P&L A/c Dr. 900 To Provision for doubtful debts A/c 900 d) No entry will be passed	View Answer
	What is the major advantage of a hash table?	View Answer
	Rs. 5,000 received from Ram on 1.1.09 for the old furniture sold to him on 1.06.08 which of the following entry should be passed for recording the transaction in the books of accounts? a) Cash A/c Dr. 5,000 To Furniture A/c 5,000 b) Cash A/c Dr. 5,000 To Suspense A/c 5,000 c) Cash A/c Dr. 5,000 To Bad Debts Recovered A/c 5,000 d) Cash A/c Dr. 5,000 To Ram A/c5,000	View Answer
	Recovery of bad debts written off previously will be? a) Credited to debtors A/c b) Adjusted against provision for doubtful debts c) Debited to debtors A/c d) Credited to Profit and Loss A/c	View Answer
	Purchase of second- hand computer on credit by a cloth merchant will be recorded in: a) Journal b) Cash Book c) Purchase Book d) None of the above	View Answer
	Proprietor's Account is _________ Account. a) Real b) Nominal c) Personal d) None of these	View Answer
	Goods worth Rs. 10,000 were withdrawn by the proprietor for his personal use. The account to be credited is a) Sales A/c b) Drawings A/c c) Purchases A/c d) Expenses A/c	View Answer
	Narration is given along with journal entry:- (a) To provide the tax details for the entry. (b) It is mandatory by government. (c) To give a precise explanation for proper understanding of the entry. (d) None.	View Answer
	When we install SAP R/3 enterprise 4.7, there are several error messages in the SAPVIEW.log. What does this mean?	View Answer
	Unexpired expense is _________ account. a) Real b) Nominal c) Personal d) Representative Personal	View Answer
	The rule 'Debit all expenses & losses and Credit all incomes & gains' relates to: a) Personal Account b) Real Account c) Nominal Account d) None of these	View Answer
	The rule regarding PERSONAL ACCOUNT IS: a) Debit what comes in, credit what goes out b) Debit all expenses and losses, credit all incomes and gains c) Debit the receiver, credit the giver d) None	View Answer
	General Reserve Account and Dividend Equalisation Fund Account are: a) Personal A/c b) Real A/c c) Nominal A/c d) None	View Answer
	How would I setup table maintenance for customized table Z1?	View Answer
	Outstanding salary is a: a) Real account b) Personal account c) Representative personal account d) Nominal account	View Answer
	Is there a way to change the transport request number to start with a number that I choose?	View Answer
	Journal records the transactions of the firm in a: a) Analytical manner b) Chronological manner c) Periodical manner d) Summarized manner	View Answer

Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

View All Journal Entries Interview Questions & Answers - Exam Mode / Learning Mode