Journal entry for recording of bad debt expense is which one among the following?
Bad debt being an expense will be debited and Decrease in an asset (debtor) will be credited.
'Ashish' started a business by investing Rs.15,000. 'm' months later, 'Arjun' joined him by investing Rs. 10,000. 4 months after joining the business, '...
X, Y and Z started a business by investing Rs. 'p', Rs. 'p + 2000' and Rs. '4p', respectively. 8 months later, both X and Z withdrew their respective in...
Amit and Sara started a business with the investments of Rs. 20,000 and Rs. 30,000 respectively. After one year, Amit increases his investment by Rs. 5,...
Karun and Varun invested Rs 2800 and Rs. x in a business. After 3 months, Karun added Rs 400 while Varun withdrew Rs 500. After a year out of a total pr...
A and B launched a business with initial investments of Rs. 2000 and Rs. 3600, respectively. Three months into the venture, C came on board with an inv...
X and Y commenced a business jointly, contributing initial capital amounts of Rs. 20,000 and Rs. 50,000, respectively. X, being the active partner, rece...
A invested Rs X in a scheme. After 6 months, B joined with Rs 9000 more than that of A. After an year, ratio of profit of B to the total profit was 3: 7...
A and B invest in a business in the ratio of 2:3, B left the business after X months, C joins the business with twice investment as compared to that of ...
A, B and C invest in a partnership in the ratio 6:5:8 and investment of A is Rs.200 less than investment of C. Partner B invests for 1/5th and A and C i...
P invested Rs. 20,000 in a SIP offering 10% compound interest compounded annually, whereas M invested Rs. 2000 more than the amount invested by P in a S...
