1.

Prepare the bad debts account, provision for bad debts account, profit and loss account and balance sheet from the following information as on December 31, 2011. Rs. Debtors 80,000 Bad Debtors 2,000 Provision for bad debts 5,000 Adjustments: Bad debts Rs. 500, Provision on debtors 3%.

Answer»

Prepare the bad debts account, provision for bad debts account, profit and loss account and balance sheet from the following information as on December 31, 2011.

Rs.

Debtors 80,000

Bad Debtors 2,000

Provision for bad debts 5,000

Adjustments:

Bad debts Rs. 500, Provision on debtors 3%.



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