Commerce · Q387

Accounting

Graduate and Post Graduate · Commerce · question 387

Q387

Recovery of bad debt is a

A.

Revenue expenditure

B.

Revenue receipt

Answer

C.

Deferred expenses

D.

Capital receipt

Answer: Option B

Solution

Answer: Option B

Solution:

Recovery of bad debt is a Revenue receipt. Revenue receipts are money received by a business as a result of its normal business operations.

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