Question : Writing off bad debts against the provision for doubtful debts; would result in inflow/outflow/no flow of Cash and Cash Equivalents:
Option 1: Inflow of cash
Option 2: Outflow of cash
Option 3: Neither inflow Nor outflow
Option 4: Cash and cash equivalent

Question

Question : Writing off bad debts against the provision for doubtful debts; would result in inflow/outflow/no flow of Cash and Cash Equivalents:

Option 1: Inflow of cash

Option 2: Outflow of cash

Option 3: Neither inflow Nor outflow

Option 4: Cash and cash equivalent

Team Careers360 · Accepted Answer

Correct Answer: Neither inflow Nor outflow

Solution : Answer = neither inflow nor outflow of cash

If bad debt is written off against provision for doubtful debts would result in no flow of cash
Provision for doubt full debt A/ C Dr
To Bad debts A/c
Hence, the correct option is 3.

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Question : Writing off bad debts against the provision for doubtful debts; would result in inflow/outflow/no flow of Cash and Cash Equivalents:Option 1: Inflow of cashOption 2: Outflow of cashOption 3: Neither inflow Nor outflowOption 4: Cash and cash equivalent

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Question : Writing off bad debts against the provision for doubtful debts; would result in inflow/outflow/no flow of Cash and Cash Equivalents:
Option 1: Inflow of cash
Option 2: Outflow of cash
Option 3: Neither inflow Nor outflow
Option 4: Cash and cash equivalent

Question : In the Balance sheet, Debtors exist at Rs.50,000 and Provision for Doubtful Debts at Rs.1,500. How much amount will
be realised from Debtors, if bad debts are Rs.10,000 and remaining debtors are realised at a discount of 5%.