Question : At the time of dissolution of a firm, Debtors were Rs. 34000 out of which Rs. 1000 became bad and the rest realised 60%. Which account will be debited and by how much amount?

Option 1: Realisation Account by Rs. 19800

Option 2: Profit and Loss Account by Rs 500

Option 3: Cash Account by Rs. 19800

Option 4: Debtors Account by Rs. 19800

Question : At the time of dissolution of a firm, Debtors were Rs. 34000 out of which Rs. 1000 became bad and the rest realised 60%. Which account will be debited and by how much amount?

Option 1: Realisation Account by Rs. 19800

Option 2: Profit and Loss Account by Rs 500

Option 3: Cash Account by Rs. 19800

Option 4: Debtors Account by Rs. 19800

Question :

Select the phrase/connector from the given options to form a single sentence from the two sentences given below, implying the same meaning as expressed in the statement sentences

It was a bad idea. It was not risk-free.

Option 1: It was a bad idea but it was not risk-free

Option 2:

It was a bad idea and it was not risk-free

Option 3:

It was a bad idea with it was not risk-free

Option 4:

It was a bad idea despite being risk-free

Option 5:

It was a bad idea yet it was not risk-free

Question : In the Balance Sheet, Total Debtors appear at Rs.5, 00,000 and Provision for Doubtful Debts appears at Rs. 1,50,00. How much amount will be realised from Debtors if bad debts amount to Rs. 1,00,000 and remaining debtors are realised at a discount of 5%?

Option 1: Rs 3,80,000

Option 2: Rs 3,65,000

Option 3: Rs 3,65,750

Option 4: Rs 3,95,000

Question : In the Balance Sheet, Debtors exist at Rs. 1,00,000 and Provision for Doubtful Debts at Rs. 3000. How much amount will be realised from Debtors, if bad debts are Rs. 20,000 and remaining debtors are realised at a discount of 10%.

Option 1: Rs 76,000

Option 2: Rs 72,000

Option 3: Rs 36,575

Option 4: Rs 79,000