Year 10 - Accounts - 22-9-15

Thai Sikh International School

E-Learning Programme – Online Assignment –   22/09/2015

Name :                                                                                                                        Subject :Accounts 

Year   : 10                                                                                                                  Schedule No. : 2                                

Answer the following:

1 .When is provision for depreciation account opened?

2.  Is depreciation an expense?

3. What are bad debts? How are they treated in an income  statement. Also give the journal entry.

4. Why is it necessary to provide for bad and doubtful debts?