Commerce

Provision of Bad Debts – 5 Easy MCQs

Here are the 5 MCQs of Provision of Bad Debts and Reserve. You can practice these MCQs frequently to prepare for your exams. Stay Connected for more.

Provision of Bad Debts

Provision of Bad Debts Quiz

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1 / 5

Which of the following is not a current liability?

2 / 5

A reserve is a charge against

3 / 5

The debit balance of a personal account shows the

4 / 5

Which of the following is a real account?

5 / 5

Provision of bad debt is made under the principle of

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List of MCQs included in Quiz

  • Which of the following is not a current liability?
    • Prepaid Rent
    • Bank Overdraft
    • Creditors
    • Tax Payable
  • A reserve is a charge against…
    • Profit & Loss Account
    • Trading Account
    • Cash Flow Statement
    • Profit & Loss Appropriation Account
  • The debit balance of a personal account shows the
    • Amount Payable
    • Amount of Credit Sales
    • Cash at Bank
    • Cash in Hand
  • Which of the following is a real account?
    • Debtors Account
    • Bank Account
    • Investment in Shares
    • Salaries
  • Provision of bad debt is made under the principle of…
    • Full Disclosure
    • Conservatism
    • Industry Practice
    • Consistency

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