Sundry Debtors 2,05,000
Provision for Doubtful Debts 10,000
Provision for Discount on Debtors 1,800
Bad Debts 3,000
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.
Recently Asked Questions
- Consider the triangular pdf defined for [-1,1] p(x) = 1- |x| for |x|<1 = 0 otherwise
- what methods could managers use to communicate their organisation's diversity strategy to new employees? Explain why you would recommend these methods.
- How do hair cells detect mechanical signals of different intensities and direction?