The following information are given, Trial Balance Particulars Debit Credit Sundry Debtors 330,000 Bad Debts 30,000 Provision for Doubtful Debts…
BBS Financial Accounting and Analysis · 2080 · Solved Question with Answer
The following information are given,
Trial Balance
| Particulars | Debit | Credit |
| Sundry Debtors | 330,000 | |
| Bad Debts | 30,000 | |
| Provision for Doubtful Debts | 50,000 |
Adjustment:
Additional bad debts to be written off Rs.10,000
New provision for doubtful debts @ 5% on debtor
Required: Provision for doubtful debt account.