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Which statement best explains Bad debt?

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Question ID #25892 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Accounting Principles Sectional Test 2026 Medium

Correct Answer: B. Receivable considered irrecoverable
Bad debt: Receivable considered irrecoverable

Question: Which statement best explains Bad debt?

A. Book of original entry in which transactions are first recorded chronologically

B. Receivable considered irrecoverable

C. Depreciation method charging an equal amount each year, subject to residual value

D. Inventory remaining unsold at the end of an accounting period

Correct Answer: B. Receivable considered irrecoverableBad debt: Receivable considered irrecoverable

Which statement best explains Bad debt? - MCQ Explanation

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Correct answer: B. Receivable considered irrecoverable