(i) An amount that is not recoverable from debtors is called bad debt.

(i) An amount that is not recoverable from debtors is called bad debt.
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Do you agree or disagree with the following statement : (i) An amount that is not recoverable from ... used as financial evidence in a court of law.
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Provision for discount on debtors is calculated on the amount of debtors. a) Before deducting provision for doubtful debts. b)After deducting provision for doubtful debts. c) Before deducting actual debts and provision for doubtful debts. d) After adding actual bad and doubtful debts.

Description : Provision for discount on debtors is calculated on the amount of debtors. a) Before deducting provision for doubtful debts. b)After deducting provision for doubtful debts. c) Before deducting actual debts and provision for doubtful debts. d) After adding actual bad and doubtful debts.

Last Answer : b)After deducting provision for doubtful debts.

Debt service ratio is also known as -------------- a) Interest coverage ratio b) Dividend payout ratio c) Solvency ratio d) Debtors turn over ratio

Description : Debt service ratio is also known as -------------- a) Interest coverage ratio b) Dividend payout ratio c) Solvency ratio d) Debtors turn over ratio

Last Answer : a) Interest coverage ratio

(i) An incorporated association which is an artificial person created by law having perpetual succession is called _______

Description : (i) An incorporated association which is an artificial person created by law having perpetual succession is called _______

Last Answer : Complete the sentences : (i) An incorporated association which is an artificial person created ... under the Companies Act, 2013 are _________

(i) An error that affects debit as well as credit side, it is called as _______ errors.

Description : (i) An error that affects debit as well as credit side, it is called as _______ errors.

Last Answer : Complete the following sentences : (i) An error that affects debit as well as credit side, ... of omission, the debit and credit are ___________

(i) An article or a commodity which is purchase for resale in business is called __________

Description : (i) An article or a commodity which is purchase for resale in business is called __________

Last Answer : Complete the following sentence : (i) An article or a commodity which is purchase for ... provides standard of accounting in India called _________

(i) An alteration was proposed to the original motion.

Description : (i) An alteration was proposed to the original motion.

Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. (i) ... extra vote for the Chairman in case of tiein votes.

(i) An error in which the transaction is entered in the original book but not posted into the ledger.

Description : (i) An error in which the transaction is entered in the original book but not posted into the ledger.

Last Answer : Give one word/term or phrase for each of the following statements : (i) An error ... Errors can be rectified without passing rectification entries.

i. Elected body of representatives of shareholders. ii. An employee of a company who provides guidance and advice to the Board

Description : i. Elected body of representatives of shareholders. ii. An employee of a company who provides guidance and advice to the Board

Last Answer : Write a word or a term or a phrase that can substitute each of the following statement: i. ... was given to the Director to attend the meeting.

1. An average Indian requires ____________ calories from his/her daily consumption of food. [2250/2550/2200]

Description : 1. An average Indian requires ____________ calories from his/her daily consumption of food. [2250/2550/2200]

Last Answer : Choose the correct option: 1. An average Indian requires ____________ calories from his/her daily consumption ... below poverty line. [21.2%/5%/20%]

i. An extraordinary general meeting is held _______  (a) once in a year  (b) once in the life time  (c) under special circumstances

Description : i. An extraordinary general meeting is held _______  (a) once in a year  (b) once in the life time  (c) under special circumstances

Last Answer : Select the correct answer from the options given below and rewrite the statement: i. An extraordinary general ... a) Fifteen (b) Sixty (c) Forty

Are my iPhone photos recoverable?

Description : Are my iPhone photos recoverable?

Last Answer : The question for you to figure out is: how did you have your phone set up when you started using it out of teh box? If set to back up to the iCloud, the data may be recoverable.

Is my bike frame recoverable?

Description : Is my bike frame recoverable?

Last Answer : It probably depends on what the frame is made of, what type of bike, and how bad the accident was. You can get a hidden stress fracture in the bike frame that could worsen over time. Where you hit by a car, or did you hit a surface flaw?

______ Oilfield of India has the largest quantity of recoverable reserves. (a) Moran Oilfield (b) Mumbai High (off shore) Oilfield (c) Ankaleshwar Oilfield (d) Naharkatiya Oilfield

Description : ______ Oilfield of India has the largest quantity of recoverable reserves. (a) Moran Oilfield (b) Mumbai High (off shore) Oilfield (c) Ankaleshwar Oilfield (d) Naharkatiya Oilfield

Last Answer : Ans: (b)

In elastic collisions, A. only the total momentum of the colliding objects is conserved. B. only the total kinetic energy is conserved. C. both of the momentum and total kinetic energy are conserved. D. neither momentum of the colliding bodies nor the total kinetic energy are recoverable.

Description : In elastic collisions, A. only the total momentum of the colliding objects is conserved. B. only the total kinetic energy is conserved. C. both of the momentum and total kinetic energy ... D. neither momentum of the colliding bodies nor the total kinetic energy are recoverable.

Last Answer : both of the momentum and total kinetic energy are conserved.

In the case of redirected parcels on which redirection fee is recoverable from the addressee if any incorrect fee had been made entry a) The parcel should be returned to the sender with remarks b) The parcel Assistant who noticed the irregularity can make necessary correction and send the parcel for onward submission c) The parcel assistant should bring the fact to the notice of the postmaster who should correct it under his initial d) None of these

Description : In the case of redirected parcels on which redirection fee is recoverable from the addressee if any incorrect fee had been made entry a) The parcel should be returned to the sender with remarks b) The ... fact to the notice of the postmaster who should correct it under his initial d) None of these

Last Answer : c) The parcel assistant should bring the fact to the notice of the postmaster who should correct it under his initial

The heat recoverable from flue gases of furnaces depends on the (A) Thermal efficiency of furnace (B) Quantity of flue gases (C) Flue gas temperature drop through the furnace (D) All (A), (B) and (C)

Description : The heat recoverable from flue gases of furnaces depends on the (A) Thermal efficiency of furnace (B) Quantity of flue gases (C) Flue gas temperature drop through the furnace (D) All (A), (B) and (C)

Last Answer : (D) All (A), (B) and (C)

The most serious disadvantage of an orificemeter is that (A) It is not very accurate (B) It is very costly (C) Most of the pressure drop is not recoverable (D) It is not suitable for measuring gas flow

Description : The most serious disadvantage of an orificemeter is that (A) It is not very accurate (B) It is very costly (C) Most of the pressure drop is not recoverable (D) It is not suitable for measuring gas flow

Last Answer : (C) Most of the pressure drop is not recoverable

Calculate the recoverable waste heat (Q, in kCal/hour) from flue gases using the followingparameters: V (flow rate of the substance) 2000 m3/hr r (density of the flue gas): 0.9 kg/m3 Cp (specific heat of the substance): 0.20 kCal/kg oC DT (temperature difference): 120 oC h (recovery factor): 50% a. 21600 b. 43200 c. 25600 d. 34000

Description : Calculate the recoverable waste heat (Q, in kCal/hour) from flue gases using the followingparameters: V (flow rate of the substance) 2000 m3/hr r (density of the flue gas): 0.9 kg/m3 Cp (specific heat ... (temperature difference): 120 oC h (recovery factor): 50% a. 21600 b. 43200 c. 25600 d. 34000

Last Answer : 21600

Which of the following statement is/are correct (a) Ordinary damages are recoverable (b) Special damages are recoverable only if parties know about them (c) Remote or indirect damages are not recoverable (d) All of these

Description : Which of the following statement is/are correct (a) Ordinary damages are recoverable (b) Special damages are recoverable only if parties know about them (c) Remote or indirect damages are not recoverable (d) All of these

Last Answer : (d) All of these

The special damages i.e. the damages which arises due to some special or unusual circumstances (a) Are not recoverable altogether (b) Are illegal being positive in nature (c) Cannot be claimed as a matter of right (d) Can be claimed as a matter of right

Description : The special damages i.e. the damages which arises due to some special or unusual circumstances (a) Are not recoverable altogether (b) Are illegal being positive in nature (c) Cannot be claimed as a matter of right (d) Can be claimed as a matter of right

Last Answer : (c) Cannot be claimed as a matter of right

How to peek into the debtors' register?

Description : Is it possible to see if I am in the register of debtors, or if only companies, for example, have access to loans? Thank you Hladký Miroslav

Last Answer : Check the links to see if there's anything in them. https://www.google.com/search?q=register+dlu%C5%BEn%C3%ADk%C5%AF+free&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:cs:official&client= firefox-a & channel = sb & gfe_rd = cr & ei = dKw-U9S5OKuK8Qeu94CQBA

(i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

Description : (i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.

Last Answer : Fill in the Blanks : (i) In __________ Book-keeping system, only Cash/Bank A/c ... ____________ accuracy is not guaranteed under Single Entry System.

1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Description : 1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000. 

Last Answer : Journalise the following transactions in the Journal Proper of Mr. Mahadev. 1 Pass opening entries: ... Allowed cash discount of ₹ 1,000 to Ajay.

A Debtors A/c always show a credit balance.

Description : A Debtors A/c always show a credit balance.

Last Answer : State whether the following statement are ‘True or False’ with reason : A Debtors A/c always show a credit balance.

Would have made it easier for debtors to pay their creditors?

Description : Would have made it easier for debtors to pay their creditors?

Last Answer : Paper Money

What state was settled by debtors?

Description : What state was settled by debtors?

Last Answer : Georgia was originally settled as a debtors' colony.

What colony was set up to help debtors?

Description : What colony was set up to help debtors?

Last Answer : What is the answer ?

In what year did people who had been in debtor's prisons in England arrive in America?

Description : In what year did people who had been in debtor's prisons in England arrive in America?

Last Answer : 1733

In what year did people who had been in debtor's prisons in England arrive in America?

Description : In what year did people who had been in debtor's prisons in England arrive in America?

Last Answer : 1733

How soon can the creditor garnish the debtors wages after the judgement has been made in court?

Description : How soon can the creditor garnish the debtors wages after the judgement has been made in court?

Last Answer : within 90 days

Chapter 13 Bankruptcy Provides Relief to Debtors?

Description : Chapter 13 Bankruptcy Provides Relief to Debtors?

Last Answer : If you're overwhelmed by debt and have a steady job, filing for bankruptcy under Chapter 13 of the federal bankruptcy code might work for you.The federal government calls it the "wage earners" ... payments within 30 days of filing. When the debts have been paid, the bankruptcy can be discharged.

Which one of the following ratios is likely to be affected the most on account of price level changes ? (A) Current Ratio (B) Inventory Turnover Ratio (C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio

Description : Which one of the following ratios is likely to be affected the most on account of price level changes ? (A) Current Ratio (B) Inventory Turnover Ratio (C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio

Last Answer : Answer: Debtors’ Turnover Ratio

Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Description : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000

Last Answer : Answer: Rs. 50,000

Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Description : Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

Last Answer : Answer: 1•125 : 1

Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would (A) improve liquidity (B) reduce liquidity (C) have no effect on liquidity (D) improve financial position

Description : Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would (A) improve liquidity (B) reduce liquidity (C) have no effect on liquidity (D) improve financial position

Last Answer : Answer: have no effect on liquidity

Debenture holders of a company are its - (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Description : Debenture holders of a company are its - (1) Shareholders (2) Creditors (3) Debtors (4) Directors

Last Answer : (2) Creditors Explanation: Companies issue debentures instead of shares to extend their business. These debentures are issue to borrow loan from general public; interest is paid on the borrowed money ... holders. So a debenture holder is essentially a creditor who simply gives loan to the company.

Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of cash held C. Taking full advantage of credit offered by trade suppliers D. Applying the economic order quantity model to stock management E. Adopting the use of just-in-time stock management

Description : Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of ... order quantity model to stock management E. Adopting the use of just-in-time stock management

Last Answer : B. Using cash management models to optimise the level of cash held

. If credit sales for the year is Rs. 5,40,000 and Debtors at the end of year is Rs. 90,000 the Average Collection Period will be (a) 30 days (b) 61 days (c) 90 days (d) 120 days

Description : . If credit sales for the year is Rs. 5,40,000 and Debtors at the end of year is Rs. 90,000 the Average Collection Period will be (a) 30 days (b) 61 days (c) 90 days (d) 120 days

Last Answer : (b) 61 days

Which of the following is not a cash inflow? a) Decrease in debtors b) Issue of shares c) Decrease in creditors d) Sale of fixed assets

Description : Which of the following is not a cash inflow? a) Decrease in debtors b) Issue of shares c) Decrease in creditors d) Sale of fixed assets

Last Answer : c) Decrease in creditors

Which of the following is incorrect? a) Good will intangible asset b) Sundry debtors -current asset c) Loose tools tangible fixed asset d) Outstanding expenses -current asset.

Description : Which of the following is incorrect? a) Good will intangible asset b) Sundry debtors -current asset c) Loose tools tangible fixed asset d) Outstanding expenses -current asset.

Last Answer : d) Outstanding expenses -current asset.

Current assets include A. Stores & Spare parts B. Stock in trade C. Sundry Debtors D. All of the above

Description : Current assets include A. Stores & Spare parts B. Stock in trade C. Sundry Debtors D. All of the above

Last Answer : D. All of the above

The term current asset doesn’t cover A. Car B. Debtors C. Stock D. Prepaid expenses

Description : The term current asset doesn’t cover A. Car B. Debtors C. Stock D. Prepaid expenses

Last Answer : A. Car

Debtors Turnover ratio is also known as (i) Receivables turnover ratio (ii) Debtors velocity (iii) Stock velocity (iv) Payable turnover ratio A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)

Description : Debtors Turnover ratio is also known as (i) Receivables turnover ratio (ii) Debtors velocity (iii) Stock velocity (iv) Payable turnover ratio A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)

Last Answer : A. (i) and (ii)

Which of the following is not a cash inflow? A. Decrease in debtors B. Issue of shares C. Decrease in creditors D. Sale of fixed assets

Description : Which of the following is not a cash inflow? A. Decrease in debtors B. Issue of shares C. Decrease in creditors D. Sale of fixed assets

Last Answer : C. Decrease in creditors

Which of the following is not a cash outflow? A. Increase in Prepaid expenses B. Increase in debtors C. Increase in stock D. Increase in creditors

Description : Which of the following is not a cash outflow? A. Increase in Prepaid expenses B. Increase in debtors C. Increase in stock D. Increase in creditors

Last Answer : D. Increase in creditors

Current assets are Rs.6,00,000 current liabilities are Rs.3,00,000 the debtors realized Rs.40,000, the impact on net working capital would be------------------------- a) No change in working capital b) Decrease of working capital by Rs.80,000 c) Increase of working capital by Rs.40,000 d) None of these

Description : Current assets are Rs.6,00,000 current liabilities are Rs.3,00,000 the debtors realized Rs.40,000, the impact on net working capital would be------------------------- a) No change in working ... Decrease of working capital by Rs.80,000 c) Increase of working capital by Rs.40,000 d) None of these

Last Answer : a) No change in working capital

Which of the following is non-current asset a) Goodwill b) Debtors c) Stock d) Prepaid rent

Description : Which of the following is non-current asset a) Goodwill b) Debtors c) Stock d) Prepaid rent

Last Answer : a) Goodwill

Debtors turnover ratio measures---------- a) Short term solvency b) Operating efficiency c) Long term solvency d) Credit policy

Description : Debtors turnover ratio measures---------- a) Short term solvency b) Operating efficiency c) Long term solvency d) Credit policy

Last Answer : a) Short term solvency

Debtors turnover ratio is used to calculate------ a) efficiency b) solvency c) liquidity d) profitability

Description : Debtors turnover ratio is used to calculate------ a) efficiency b) solvency c) liquidity d) profitability

Last Answer : a) efficiency

The ratio which indicates how quickly debtors are converted into cash is--------- a) Receivable turnover ratio b) Inventory turnover ratio c) Working capital turnover ratio d) Creditors turnover ratio

Description : The ratio which indicates how quickly debtors are converted into cash is--------- a) Receivable turnover ratio b) Inventory turnover ratio c) Working capital turnover ratio d) Creditors turnover ratio

Last Answer : a) Receivable turnover ratio