Maharashtra State BoardHSC Commerce 12th Board Exam
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Give the Word / Term Or Phrase Which Can Substitute the Following Statement. the Amount Which is Not Recoverable from Debtors. - Book Keeping and Accountancy

One Word Answer

Give the word / term or phrase which can substitute  the following statement.
The amount which is not recoverable from debtors.

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Solution

Bad debts 

Explanation: The amount which is not recoverable from debtors due to their dishonesty, insolvency or death is regarded as bad debts for the firm. It is a loss to the firm and must be written on the debit side of the Profit & Loss Account.

Concept: Effects of Adjustments-Bad and Doubtful Debts
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