Anh văn chuyên ngành 2 - AC11 (92)

The provision for doubtful debt is never adjusted.

The main………….of depreciation are physical deterioration, economic factors and time factors.

The asset account is reduced by the annual provision for depreciation.

The reduced balance is the cost of the asset less depreciation to …………

Any………..in depreciation provision is charged against profit.

In straight line method to calculate depreciation, the eventual disposal…………..is estimated.

A………..of a debt may be written off as a bad debt if the debtor is not able to pay all of what is owed.

Amounts due from debtors, which are individually written off should be debited to bad debts account.

Any decrease in the provision for doubtful debt will be seen as an expense to the firm.

The bad debts account serves as a ………….point for debts written off over the year.

The balance sheet will show the total of debtor before writing off bad debts.

Bad debts are debts that the business is unable to………..

A provision for doubtful debt is set at a ………….of debtors.

Any decrease in the provision for doubtful debts is a ……….. to the firm.

The provision for doubtful debt has a credit balance.

Any increase in the provision for doubtful debt will be debited to the P/L account.

In the balance sheet, each fixed asset is shown at………..less total depreciation to date.

In the account of provision for depreciation, it is only necessary to ……….down the balance once two entries have been made.

If you take no account year-by-year of the fall in value of fixed assets, the value of assets in the balance sheet is ………

When a fixed asset is sold, there are ………… elements to take account of.