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Subject - Accounting:

Financial Accounting

MCQ - 125-127

Question:

It is supposed that on 31st December, 2007, the sundry debtors are amounted to $40,000. On the basis of past experience, it is estimated that 10% of the sundry debtors are doubtful. Actual bad debts are $ 1600. What amount of new provision for doubtful debts will be credited in profit & loss account

  1. $4599
  2. $3400
  3. $2400
  4. $3400

Correct Answer: C

Explanation:

Not required

Record Performance

355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: It is supposed that on 31st December, 2007, the sundry debtors are amounted to $40,000. On the basis of past experience, it is estimated that 10% of t .... & loss account , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 125-127.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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