Question: The text classifies accounts receivables into which broad types? Select one: a. Debtors, receivables, promissory notes O b. Trade receivables, other receivables, sundry receivables c.


The text classifies accounts receivables into which broad types? Select one: a. Debtors, receivables, promissory notes O b. Trade receivables, other receivables, sundry receivables c. Promissory notes, accounts receivable, prepayments d. Accounts receivable, bills receivable, other receivables Bateman & Co purchased goods for $2930. While on display, the goods were damaged and it is estimated that they can now only be sold for $2100. Additional marketing and distribution costs are $150. The net realisable value of the goods is: Select one: a. $500 b. $2300 c. $1950. d. $2250. When the direct write off method is used, the general journal entry to write off bad debts is: Select one: a. DR Accounts receivable; CR Allowance for doubtful debts b. DR Accounts receivable; CR Bad debts expense c. DR Bad debts expense; CR Accounts receivable d. DR Allowance for doubtful debts; CR Accounts receivable
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