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10. The Trial Balance of Siva as on 31.12.2019: :Debtors 80,000Bad debts 1000Provision for Bad debts 2000You are required to provide for bad and doubtful debts at 5% on Debtors. Giveeffect on PAL Alc and Balance Sheet |
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Answer» Answer: working note 5%80000=4000 bad debts (1000+4000) PROVISON for doubtful debts on debtors p&l a/c write down it on debit side as bad debts - 1000 provision -4000 minus (old provision) 5000-2000 3000 Write on balance sheets on asset side as debtors- 80000 (-) new provision 4000 76000 hope you all like it. Don't forget to mark me BRAINLLEST |
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