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ACC2-CH.17

Authored by Khoa Hà

English

University

Used 34+ times

ACC2-CH.17
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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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