On January 20x2, the balances of ABC Ltd's provision of
doubtful debt account was $1510. During the year, a total of
3750 of account recievable was written of as bad debts. The
balance in the provision for doubtful debts account at 31st
Dec was 1450.
What is the total amount of bad debt recognised this year?
Answer Posted / bhaskar unnikrishnan
Opening Balance 1510
Less Bad Debt (3750)
Add: C Balance 1450
Recognised during year: 3690
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What is tally and its features?
What is the difference between accumulated depreciation and depreciation expense?
What is the master account?
What are the differences between accounting and auditing?
Define overhead in terms of accounting?
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
what is the responsiblities for accounts manager?
What was your most complicated sales cycle in past positions?
I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
Which forms in use in service Tax, Excise duty and Vat for the return.
From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast
Tell me what is working capital?
What is meant by balancing?
What is mutual fund sub accounting?