Give the word / term or phrase which can substitute the following statement.
The amount which is not recoverable from debtors.
State whether the following statement is True or False.
Discount allowed to debtors is called as bad debts.
|Group ‘A’||Group ‘B’|
|(a) Bad debts||(1) Dishonour of cash bill|
|(b) Excess of assets over liabilities||(2) Indicates profit of joint venture|
|(c) Notary public||(3) Indicates loss of joint venture|
|(d) Credit balance of joint venture a/c||(4) System software|
|(e) Operating system||(5) Drawings|
|(7) Recoverable amount from debtors|
|(8) Non-recoverable amount from debtors|