UPSC EPFO APFC 2023 · Question 78

Question 78 of the UPSC EPFO APFC Recruitment Test 2023 (General Studies) (2 July 2023). Try it first, then check your answer and the explanation in the practice app.

1. APFC 2023 · Q78 · General Accounting Principles · Financial Statements

   Following is the Trial Balance of a firm as on 31-12-2022 :

   	₹	₹
   Trade receivables	25,00,000
   Provision for doubtful debts		1,40,000
   Bad debts	40,000

   The additional bad debts during the year are ₹2,00,000. The firm has a policy of maintaining a provision for doubtful debts equal to 10% of the trade receivables' balances. The total amount to be charged to Profit and Loss A/c (for the year ending 31-12-2022) for bad debts written off and provision created will be

   1. ₹2,50,000
   2. ₹1,30,000
   3. ₹90,000
   4. ₹3,30,000

   नीचे एक फर्म के 31-12-2022 को यथास्थिति का शेष-परीक्षण दिखाया गया है :

   	₹	₹
   व्यापार प्राप्य	25,00,000
   संदिग्ध ऋणों के लिए प्रावधान		1,40,000
   अशोध्य ऋण	40,000

   वर्ष के दौरान अतिरिक्त अशोध्य ऋण ₹2,00,000 है। इस फर्म की नीति, व्यापार प्राप्य शेष के 10% के बराबर संदिग्ध ऋण के लिए प्रावधान करने की है। लाभ और हानि लेखा (31-12-2022 को समाप्त वर्ष के लिए) में अपलिखित अशोध्य ऋण एवं किए गए प्रावधान के लिए प्रभारित की जाने वाली कुल राशि कितनी होगी?

   1. ₹2,50,000
   2. ₹1,30,000
   3. ₹90,000
   4. ₹3,30,000

   Answer and explanation: open it in the practice app. 3 days free when you register, then one ₹45 PYQ Pass for every exam on the site.

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