What is the amount of debts which are definitely uncollectible by a business?
Senior 1 Book-keeping

Quiz
•
Business
•
12th Grade
•
Medium
Chee Yong Chan
Used 6+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Bad Debts
Bad Debts Recovered
Allowance for Doubtful Debts
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is created as an adjustment to anticipate possible losses?
Bad Debts
Bad Debts Recovered
Allowance for Doubtful Debts
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is the double entry of Bad Debts?
Dr Bad Debts;
Cr Accounts Receivable
Dr Accounts Receivable;
Cr Bad Debts
Dr Bad Debts;
Cr Profit and Loss
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How to record decrease in allowance for doubtful debts?
Dr Profit and Loss;
Cr Allowance for Doubtful Debts
Dr Allowance for Doubtful Debts;
Cr Profit and Loss
Dr Accounts Receivable;
Cr Allowance for Doubtful Debts
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The following figures are obtained from a Trial Balance as at 31 December.
Year 1 Accounts Receivable RM10,000
Year 2 Accounts Receivable RM15,000
Calculate the increase of allowance for doubtful debts as at 31 December Year 2 if the business decides to charge 3% on the Accounts Receivable.
RM150
RM300
RM450
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the formula of straight-line method to calculate depreciation?
cost x %
carrying amount x %
(cost - accumulated depreciation) x %
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Assets which require repairs and maintenance usually adopt this method to calculate depreciation. What is the name of this method?
revaluation
straight-line
reducing balance
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