1461. When a customer become buisness debtor the amount due from him is called :

A. Loan
B. Allowance
C. Bad debt
D. Debts *

1462. The debts which cannot be recovered from the debtors, are called :

A. Debts
B. Loans
C. Bad Debts *
D. Allowances

1463. Bad debts is a business :

A. Asset
B. Liability
C. Loss *
D. Profit

1464. Which of the following correct adjusting entry to be passed for bad debts :

A. Bad debt account XX Dr to sundry debtor account XX Cr *
B. Sundry debtor account XX to bad debt account XX
C. Bad debts account XX to to profit and loss account XX
D. Bad debts account XX to creditor account XX

1465. The bad debts which are appearing in the trial balance only to be debited to :

A. Balance sheet
B. Profit and loss account *
C. Trading account
D. Debtors account

1466. No adjustments is required for any bad debt which is appearing already in the :

A. Trial balance
B. Profit and loss account *
C. Trading account
D. Debtors account

1467. The debts the recovery or realization of which is doubtful or uncertain, are known as :

A. Debts
B. Bad debts
C. Doubtful debts *
D. Provision for bad debts

1468. The amount setting a side out of profit for a possible loss or liability is called as :

A. Debts
B. Provision *
C. Interest
D. Doubtful debts

1469. Bad debts is debited to :

A. Debtors account
B. Creditors account
C. Bad debts account *
D. Cash account

1470. Bad debt recovered is credited to :

A. Debtors account
B. Bad debts recovered account *
C. Provision for bad debts account
D. Creditor account