Financial Statements - II
Haryana Board · Class 11 · Accountancy
Most important questions from Financial Statements - II for Haryana Board Class 11 Accountancy board exam 2026. MCQs, short answer, and long answer questions with marks.
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Sample Questions
What are bad debts?
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Debts that cannot be recovered
Bad debts are amounts owed by debtors that the business determines cannot be collected.
What is accrued income?
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Income earned but not yet received
Accrued income represents earnings that have been generated but not yet received in cash.
What is income received in advance?
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Income received for future periods
Income received in advance is payment received before the related services or goods are delivered.
What is provision for doubtful debts?
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An estimated amount for potential uncollectible debts
Provision for doubtful debts is an estimated reserve to cover potential losses from debts that might not be collected.
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