BAD DEBTS | Bankrupt

BAD DEBTS | Bankrupt | Petty Cash

Bad Debts:

These amounts are those amount which have to never receipt from the creditor companies.

Bad Debts Recover:

These amounts are those amount which have to receipt few percent of the total amount from the creditor companies.

Bankrupt:

A person or a company who has to lost an image or value from the market.

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Petty Cash:

It is used to maintain all expenses & all miscellaneous expenses.

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Accounting Transactions Exercises

Accounting transactions exercises TRANSACTIONS EXERCISES: Ø Ram sold goods to Mohan for cash. Cash a/c Dr. Sale ac Cr. Ø Bought furniture from Ram to cash. By furniture a/c Dr. To cash a/c Cr. Ø Purchase machine to cash from Ram. By machine a/c Dr. To cash a/c Cr. Ø Mohan paid cash for purchase. By purchase a/c Dr. To cash a/c Cr. Ø Cash deposit by Ram in to Bank. By bank a/c Dr. To cash a/c Cr. Ø Withdraw cash from bank for office use. By cash a/c Dr. To bank a/c Cr. Ø Sold furniture by Ram for cash to Mohan. By cash a/c Dr. To furniture a/c Cr. Ø Sold machine on credit to Mohan. By Mohan a/c Dr. To machine a/c Cr. Ø Paid for advertisement. Advertisement a/c Dr. To cash a/c Cr. Ø Receipt cash from Mohan for sale. Cash a/c Dr. Sale a/c Cr. full-width Note: Accounting transactions exercises are most important to understand the subject. More transaction...

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