- Debtor refusal to repayment
- Debtor left the country
- Debtor committed a crime
- Debtor declared to be a bankrupt
Answer: Option 4
Debtor declared to be a bankrupt is the most common cause of bad debt. A bad debt is a monetary amount owed to a creditor that is unlikely to be paid and, or which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.
Answer: Option 1 Stress in everyday life is a major cause of frustration among the youth and is bound to lead them to take harsh steps as suicide.
1 Answers 1 viewsAnswer: Option 4 The students of government schools performing well in the examinations and the teachers of government schools leaving their jobs to join private schools are two separate situations...
1 Answers 1 viewsAnswer: Option 2 The increase in demand of steel from other countries is bound to enhance business and hence profitability of steel companies in India.
1 Answers 1 viewsAnswer: Option 5 The problems discussed in both the statements are clearly the result of heavy downpour in the area.
1 Answers 1 viewsAnswer: Option 5 Both the statements I and II are effects of some common cause.
1 Answers 1 viewsAnswer: Option 2 A firm has not recorded the bad debts by mistake. Net profit would increase is the effect of bad debt ommission.
1 Answers 3 viewsAnswer: Option 2 In situation of bankruptcy, stock which is recorded above common stock and below debt account is preferred stock. Preferred stock refers to a class of ownership that...
1 Answers 16 viewsAnswer: Option 4 A stock which is hybrid and works as a cross between debt and common stock is considered as preferred stock. Preferred stockholders have a higher claim to...
1 Answers 1 viewsAnswer: Option 1 Plato said "Good citizen makes good state and bad citizen make bad state".
1 Answers 1 viewsAnswer: Option 3 The most common cause of pollution of air is Sulphur dioxide.
1 Answers 1 views