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Q:

Bad debt expense is reported on the income statement as

Answer

Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.


 


You have already recorded the Rs. 100 in your accounts receivable, and you need to eliminate that amount. As you use double-entry accounting, you must record a Rs. 100 credit to your accounts receivable and a Rs. 100 debit to your allowance for doubtful accounts or your bad debts expense column.

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Subject: Accounts Receivable Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 1565
Q:

There are five boys Prem, Raju, Sundar,Hari and Ompal. Raju has more share of land than Sundar but lesser than Prem.Ompal has the least share and Hari has lesser share of land than Sundar. Who owns the highest share of land?

A) Sundar B) Raju
C) Hari D) Prem
 
Answer & Explanation Answer: D) Prem

Explanation:
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Filed Under: Arithmetical Reasoning
Exam Prep: CAT , Bank Exams , AIEEE

2 1565
Q:

The Bayeux Tapestry recorded which historical event?

Answer

The Norman invasion of England in 1066 is the historical event recorded by the Bayeux Tapestry.

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Subject: World History Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

0 1565
Q:

In the following questions, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Preferred B) Prefereed
C) Prrefored D) Prefearred
 
Answer & Explanation Answer: A) Preferred

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

0 1565
Q:

The length of the diagonal and the breadth of a rectangle is 26 cm and 10 cm respectively. Calculate its area (in cm2).

A) 480 B) 96
C) 240 D) 192
 
Answer & Explanation Answer: C) 240

Explanation:
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Filed Under: Area
Exam Prep: Bank Exams

2 1565
Q:

B is the brother of A, and A is the son of C. D is C's father. How is B related to D?

A) Grandfather B) Brother
C) Grandson D) Father
 
Answer & Explanation Answer: C) Grandson

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Filed Under: Blood Relations
Exam Prep: Bank Exams

7 1565
Q:

10% discount is offered on an item. By applying a promo code the customer wins 20% cash back. What is the effective discount?

A) 33.6 percent B) 30 percent
C) 22 percent D) 28 percent
 
Answer & Explanation Answer: D) 28 percent

Explanation:
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Filed Under: Percentage
Exam Prep: Bank Exams

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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

A) Glamerous B) Glamrous
C) Glamorous D) Gleamorous
 
Answer & Explanation Answer: C) Glamorous

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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