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The following are the extracts from the trial balance.Particulars. debit. credit (rs.) (rs.)Sundry debtors. 50,000Provision for doubtful debts 5,000Bad debts. 3,000Additional information:(a) Additional bad debts * 3,000.(b) Keep a provision for bad and doubtful debts @ 10% on sundry debtors.You are required to pass necessary adjusting entries and show how these items will appearin profit and loss account and balance sheet. |
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