Bank Clerk Questions

Every year November 7 is observed as National Cancer Awareness Day in India.

Transported soils form from weathered material deposits, which are transported by natural forces to a new site, away from the site of origin.

Group 1 metals are also called as alkali metals with reactive in nature and low melting points. They are soft and produce hydrogen and alkaline metal hydroxide solution when they react with water.

During world war II, Germany was a member of the Axis powers.

An oligarchy is the form of government which is rule by few form and that few people may be military control, or by wealthy society or through ethnic identities.

Ratio analysis helps us to evaluate various aspects of a company's operating and financial performance such as its efficiency, liquidity, profitability and solvency. The trend of these ratios over time can be used to check whether they are improving or deteriorating.

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.