Consider the following data and identify the amount which will be deducted from
Sundry Debtors in Balance Sheet.
Particulars Rs.
Bad debts (from trial balance) 1,600
Provision for doubtful debts (old) 2,000
Current year's provision (new) 800
► Rs. 400
► Rs. 800
► Rs. 2,000
► Rs. 2,400
New provision + old bad debts will be deducted
800 + 1600 = 2400
Old Bad Debts+ Old Provision - New provision will be charged to Profit & Loss Account.
On Tue, Feb 14, 2012 at 10:51 AM, Zahid <zahid678@gmail.com> wrote:
Consider the following data and identify the amount which will be deducted from
Sundry Debtors in Balance Sheet.
Particulars Rs.
Bad debts (from trial balance) 1,600
Provision for doubtful debts (old) 2,000
Current year's provision (new) 800
► Rs. 400
► Rs. 800
► Rs. 2,000
► Rs. 2,400
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Regards,
Misbah Yousuf
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