Practicing Success
Practicing Success
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Which one of following is not a non-cash item? |
Provision for bad debts Goodwill written off Both 1 and 2 None of the above |
None of the above |
| Both "Provision for bad debts" and "Goodwill written off" are non-cash items. They do not involve actual cash transactions but represent adjustments to reflect the estimated financial impact of certain events. The provision for bad debts is an accounting entry to account for potential losses from customers not paying their debts, and goodwill written off is a non-cash impairment charge related to the value of intangible assets. |
