The following balances are taken from Debtors ₹ 1,00,000; Bad debts – InterviewSolution

1.

The following balances are taken from Debtors ₹ 1,00,000; Bad debts reserveNet purchases = Total Amount of purchases – (Amount of purchase returns + Amount of goods going out other than sales) the trial balance of Bijal as on 31 -3 -’18: ₹ 6,000 Adjustment: provide bad debt reserve at 10 %, Pass adjustment entry.

Answer»

Adjustment Entry :

Date	Particulars	L.F.	Debit ₹	Credit ₹
31-3-18	Profit and Loss A/c Dr To Provision for bad debts account (Being the adjustment entry for additional provision made for bad debts.)		4,000	4,000

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