The following information are extract from the Trial Balance of M/s Nisha traders on 31 March 2017 {:("Sundary Debtors" , "80,500"),("Bad debts","1,000"),("Provision for had debts","5,000"),("Additional Infromation",),("Bad Debts",Rs."500"):} Provision is to be maintained at 2% of Debtors. Prepare bad debts accound, Provision for bad debts account and profit and loss account.

The following information are extract from the Trial Balance of M/s Ni

1.	The following information are extract from the Trial Balance of M/s Nisha traders on 31 March 2017 {:("Sundary Debtors" , "80,500"),("Bad debts","1,000"),("Provision for had debts","5,000"),("Additional Infromation",),("Bad Debts",Rs."500"):} Provision is to be maintained at 2% of Debtors. Prepare bad debts accound, Provision for bad debts account and profit and loss account.
Answer» SOLUTION : New PROVISION`Rs.` 1,600 Profit and LOSS account [CR.] `Rs.`1,9000

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