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Q. Following are the extracts from the Trial Balance of a firm as on 31st March 20X7 Dr Cr Sundry Debtors 2,05,000 Provision

Q. Following are the extracts from the Trial Balance of a firm as on 31st March 20X7

Dr Cr
Sundry Debtors 2,05,000
Provision for Doubtful Debts 10,000
Provision for Discount on Debtors 1,800
Bad Debts 3,000
Discount 1,000
Additional Information:
1) Additional Bad Debts required Rs.4,000
2) Additional Discount allowed to Debtors Rs.1,000
3) Maintain a provision for bad debts @ 10% on debtors
4) Maintain a provision for discount @ 2% on debtors
Required: Pass the necessary journal entries and show the relevant accounts including final accounts.

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