The following information is provided: Particulars Debit (Rs.) Credit (Rs.) Sundry Debtors 220,000 Bad Debts 20,000 Provision for Doubtful Debts…
BBS Financial Accounting and Analysis · 2081 · Solved Question with Answer
The following information is provided:
| Particulars | Debit (Rs.) | Credit (Rs.) |
| Sundry Debtors | 220,000 | |
| Bad Debts | 20,000 | |
| Provision for Doubtful Debts | 30,000 |
Adjustments :
Additional bad debts to wtitten off Rs.20,000
New Provision for doubtful debts @ 5% on debtors
Requires : Provision for doubtful debt account