MCQOPTIONS
Saved Bookmarks
| 1. |
Thendebts written off as bad, subsequently collected by the proprietornand retained by himnfor his personal use. What is the accounting treatment fornthis transaction? |
| A. | Debit Drawings A/c u0026 Credit Debtors A/c |
| B. | Debit Cash A/c u0026 Credit Bad debtsrecovered A/c |
| C. | Simply ignore the Transaction |
| D. | Debit Drawings A/c u0026 Credit Bad debtsrecovered A/c |
| Answer» E. | |