Following in the extract from the Trial Balance of a firm as at 31st March, 2019: |{:("Heads Accounts",Dr. Rs.,Cr. Rs.),("Sundry Debtors","4,10,000","..."),("Provision for Doubtful Debts","...","20,000"),("Bad Debts"," 6,000","..."):}| Additional information : (i) Additional bad debts Rs 10,000. (ii) Maintain Provision for Doubtful Debts @10% on sundry debtors. Pass necessary Journal entries and show relevant accounts (including Final Accounts).

Following in the extract from the Trial Balance of a firm as at 31st M

1.	Following in the extract from the Trial Balance of a firm as at 31st March, 2019: \|{:("Heads Accounts",Dr. Rs.,Cr. Rs.),("Sundry Debtors","4,10,000","..."),("Provision for Doubtful Debts","...","20,000"),("Bad Debts"," 6,000","..."):}\| Additional information : (i) Additional bad debts Rs 10,000. (ii) Maintain Provision for Doubtful Debts @10% on sundry debtors. Pass necessary Journal entries and show relevant accounts (including Final Accounts).
Answer» <html><body><p></p>Solution :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TSG_ACC_XI_C19_S01_008_S01.png" width="80%"/> <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TSG_ACC_XI_C19_S01_008_S02.png" width="80%"/><br/> Note : <br/> Bad Debts <a href="https://interviewquestions.tuteehub.com/tag/given-473447" style="font-weight:bold;" target="_blank" title="Click to know more about GIVEN">GIVEN</a> in <a href="https://interviewquestions.tuteehub.com/tag/adjustments-367988" style="font-weight:bold;" target="_blank" title="Click to know more about ADJUSTMENTS">ADJUSTMENTS</a> (i.e., Further Bad debts) are shown on the debit side of the profit and Loss Account and deducated form sundry <a href="https://interviewquestions.tuteehub.com/tag/debtors-435558" style="font-weight:bold;" target="_blank" title="Click to know more about DEBTORS">DEBTORS</a> on the assets side of the <a href="https://interviewquestions.tuteehub.com/tag/balance-891682" style="font-weight:bold;" target="_blank" title="Click to know more about BALANCE">BALANCE</a> Sheet. <a href="https://interviewquestions.tuteehub.com/tag/provision-607840" style="font-weight:bold;" target="_blank" title="Click to know more about PROVISION">PROVISION</a> for Doubtful debts (New) is calculated on sundry debtors after deducating further of bad debts.</body></html>

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