Question
An amount received from Seema, whose account was
previously written off as Bad Debts, should be debited to:Solution
When an amount is received from a debtor whose account was previously written off as Bad Debts, it is recorded as a recovery of bad debts. The entry would typically involve crediting the Bad Debts account to reverse the earlier write-off and debiting the Cash Account (or Bank Account) to reflect the cash received. So, the correct entry would be: Debit: Cash Account Credit: Bad Debts Recovered Account
Present ages of P and Q are in the ratio 5:7 respectively. If Q’s age, 11 years hence from now will be 5 times of P’s age, 5 years ago from now, the...
The ratio of the present ages of Naresh and Supara is 7: 3. Three years from now, the ratio of their ages will be 2 : 1. The current age of Naresh is___...
Present ages of 'M' and 'N' are in ratio 2:3, respectively. If six years hence from now, age of 'M' will be 30% less than that of 'N', then find the rat...
The joint average age of three siblings - Tara, Uday, and Vini - is 26 years. The ratio of Vini's to Waleed's current ages is 7:8, and Uday's age is 25%...
Rohit's current age matches Rahul's age from 5 years earlier. If the age of Rohit 10 years from now will be the same as Rahul's age 5 years from now, wh...
The present age of Preeti is twice Ruchi’s present age. Six years ago, their average age was 15 years. What will be the Preeti’s age after f...
The ratio of age of ‘B’ after 6 years from now and age of ‘C’ 4 years ago from now is 7:4, respectively. The present age of ‘C’ is 40% of th...
Present age of ‘A’ is 50% more than that of ‘B’. If 20 years hence from now, ‘B’ will be 16 years younger than ‘A’, then find the sum of...
The current age ratio of 'Ganesh', 'Hitesh', and 'Indira' is 5:7:6. In 8 years, the ratio of the ages of 'Ganesh' and 'Hitesh' wi...
A is younger than B by 5 years. If the ratio of A and B ages is 6:7 respectively, then find the age of A.
