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» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> : New <a href="https://interviewquestions.tuteehub.com/tag/provision-607840" style="font-weight:bold;" target="_blank" title="Click to know more about PROVISION">PROVISION</a>`Rs.` 1,600 Profit and <a href="https://interviewquestions.tuteehub.com/tag/loss-1079380" style="font-weight:bold;" target="_blank" title="Click to know more about LOSS">LOSS</a> account [<a href="https://interviewquestions.tuteehub.com/tag/cr-427229" style="font-weight:bold;" target="_blank" title="Click to know more about CR">CR</a>.] `Rs.`1,9000</body></html>

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