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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

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Q:

A line passing through the origin perpendicularly cuts the line 2x + 3y = 6 at point M. Find M?

A) (6/11, 9/11) B) (6/7, 9/7)
C) (6/11, -9/11) D) (-6/7, 9/7)
 
Answer & Explanation Answer: A) (6/11, 9/11)

Explanation:
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Filed Under: Simplification
Exam Prep: AIEEE , Bank Exams , CAT

1 1711
Q:

For which branch of government is the president responsible?

A) Legislative B) Executive
C) Judicial D) All of the above
 
Answer & Explanation Answer: B) Executive

Explanation:

The president is responsible for the executive branch of the government. The three branches of the government are :

1. Legislative

2. Executive

3. Judicial

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Filed Under: World Geography
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 1711
Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate
option. If a sentence is free from error, select 'No Error'.


The road from(A)/my house(B)/to temple is full of potholes.(C)/No error(D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: C) C

Explanation:
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Filed Under: English
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

A major purpose of cost accounting is to

A) measure, record and report product costs B) classify all the product costs
C) to provide information to stockholders for investment decisions D) All of the above
 
Answer & Explanation Answer: A) measure, record and report product costs

Explanation:

A major purpose of cost accounting is to measure, record and report product costs.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1709
Q:

Currency notes and coins of one rupee and lower denominations are issued by the ___________.

A) State Bank of India B) Government of India
C) Reserve Bank of India D) Ministry of Finance
 
Answer & Explanation Answer: D) Ministry of Finance

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams , CAT

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Q:

Two whole numbers are such that the cube of first number exceeds the cube of second by 61 and the ratio of the numbers is 5:4. What is the value of larger number?

A) 3 B) 4
C) 5 D) 6
 
Answer & Explanation Answer: C) 5

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams , CAT

0 1708
Q:

x and y are two numbers such that their mean proportion is 8 and third proportion is 512. What is the value of x and y?

A) 2 and 16 B) 2 and 32
C) 4 and 32 D) 4 and 16
 
Answer & Explanation Answer: B) 2 and 32

Explanation:
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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams , CAT

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