ACC2-CH.17
Quiz
•
English
•
University
•
Medium
Khoa Hà
Used 34+ times
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11 questions
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1.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
Bad debt means an amount due from a debtor which is written off
as being ............................
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are double-entry rules for the amount written off? (for each debtor)
Dr P/L
Cr Bad debts
Dr Bad debts
Cr Bank
Dr Bad debts
Cr Debtor
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are double-entry rules for the total amount written off? (for all debtors)
Dr P/L
Cr Bad debts
Dr Bad debts
Cr Bank
Dr Bad debts
Cr Debtor
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
3 elements have to be considered to make a ..... .... ..... ........
-Gross debtors’figure
-Bad debts written off
-A percentage rate (eg 2%, 4%...)to calculate the provision for D.D for the remaining debtors(=(1)-(2))
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are book-keeping rules for the amount in provision for doubtful debts? (in the first year)
Dr P/L and Cr Provision for doubtful debts
Dr P/L and Cr Bad Debts
Dr Provision for doubtful debts
and Cr P/L
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
..................................... is an allowance for a certain level of debts becoming “bad” or irrecoverable during the course of the year.
Provision for bad debts
Provision for doubtful debts
Bad debts
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In B/S, ............... ............... = (remaining) debtors - Provision for doubful debts
Net debtors
Net debts
gross debtors
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