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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
Rs 45000 received from the source of bad debts which were 
already declared.pass entry
 Question Submitted By :: Satyaki_raju@yahoo.com
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Rs 45000 received from the source of bad debts which were already declared.pass entry
Answer
# 1		 
baddabts recoverd a/c dr.45000
to profit/loss a/c 45000
 
Is This Answer Correct ?    0 Yes 4 No
Abhishek
 
  Re: Rs 45000 received from the source of bad debts which were already declared.pass entry
Answer
# 2		 
Here two things can happen
1) If a co. for Bad Debts in balance Sheet (Doesn't Write off)
 Then the recovery Entry Will be

Cash/ bank Dr
Bad Debts Cr

2) If the co. has written off the bad debts &
later(following year) you recover it Then the entry will be
Cash/ Bank Dr
Bad Debts Recovered A/c (Indirect Income)
 
Is This Answer Correct ?    6 Yes 0 No
Joseph
 
 
 
  Re: Rs 45000 received from the source of bad debts which were already declared.pass entry
Answer
# 3		 
Here two things can happen
1) If a co. for Bad Debts in balance Sheet (Doesn't Write off)
 Then the recovery Entry Will be

Cash/ bank Dr
Bad Debts Cr

2) If the co. has written off the bad debts &
later(following year) you recover it Then the entry will be
Cash/ Bank Dr
Bad Debts Recovered A/c (Indirect Income)
 
Is This Answer Correct ?    1 Yes 0 No
Joseph
 

 
 
 
Other Accounting AllOther Interview Questions
 
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--------is prepared to ascertain the cost of goods manufactured  1
HOW MANY TYPES OF ACCOUNT EXAMPLE PLS SBI15
Where we transfer loss in Balance Sheet?  4
Any Two difference Between Debenture and bonds? Syntel6
expand E P F  1
WHY PROFIT & LOSS A/C, WHY NOT PROFIT & LOSS A/C  1
How to calculate bank's turnover? HDFC3
EXPAND_________VAT  4
Mening of Earning per share?  5
why opening stock posted in the credit side  2
Expand I T  3
Expand U L I P  1
expand A C T O  2
what is the difference between time keeping and time booking?  1
what is the difference between credit and debit note?  20
what is the rate of TDS for transpotation  2
WHAT WILL BE ENTRY IF COMPANY PURCHASE A DOG FOR WARE HOUSE?  12
What does SORP mean?  1
Expand I B R D  2
what is difference between cash and profit?, and why netprofit comes under capital account? ITC-Infotech2
 
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