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The following information are extract from the trial balance of M/s Nisha traders on 31 December, 2005. Sundry Debtors80,500Bad debts1,000Provision for bad debts5,000Additional InformationBad DebtsRs. 500 Provision is to be maintained at 2 % of Debtors. Prepare bad debts account, Provision for bad debts account and Profit and Loss account. |
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Answer» The following information are extract from the trial balance of M/s Nisha traders on 31 December, 2005. Sundry Debtors80,500Bad debts1,000Provision for bad debts5,000Additional InformationBad DebtsRs. 500 Provision is to be maintained at 2 % of Debtors. Prepare bad debts account, Provision for bad debts account and Profit and Loss account. |
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