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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:

Reflection of the point (2,­7) in the y­axis is

A) (2,7) B) (­-2,-­7)
C) (­-7,2) D) (7,­2)
 
Answer & Explanation Answer: B) (­-2,-­7)

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

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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

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Q:

Digital wallet company Paytm has launched 'Paytm Money' app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at how much rupees per month? 

A)  Rs 300  B)  Rs 400 
C)  Rs 200  D)  Rs 500 
 
Answer & Explanation Answer:

Explanation:

Digital wallet company Paytm on Tuesday launched 'Paytm Money' app for mutual fund investments. The Paytm Money platform will be offering systematic investment plans (SIPs), starting at Rs 100 per month. 

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

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Q:

Name the viceroy who inaugurated New Delhi as the new capital of India in the year 1931.

A) Lord Wellesley B) Lord Curson
C) Lord Cornwallis D) Lord Irwin
 
Answer & Explanation Answer: D) Lord Irwin

Explanation:
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Filed Under: Indian History
Exam Prep: AIEEE , Bank Exams , CAT

3 1771
Q:

P and Q are brothers. P is the father of S. R is the only son of Q and is married to U. How is U related to S?

A) Sister-in-law B) Mother-in-law
C) Sister D) Mother
 
Answer & Explanation Answer: A) Sister-in-law

Explanation:
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Filed Under: Blood Relations
Exam Prep: AIEEE , Bank Exams , CAT

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The company’s interviews will ______ next month.

 

A) begin on B) began by
C) begin by D) begin at
 
Answer & Explanation Answer: C) begin by

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

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Q:

On a classified balance sheet, companies usually list current assets

A) in the order of acquisition. B) with the largest dollar amounts first.
C) in alphabetical order. D) in the order in which they are expected to be converted into cash.
 
Answer & Explanation Answer: D) in the order in which they are expected to be converted into cash.

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

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