Financial AccountingTU Board 2022
The following information is extracted from the book of trading business: Trial Balance As on 30th Chaitra 2078 ParticularsDebit (Rs.)Credit (Rs.)Trade debtors64,000Bad debts8,000Provision for…
3The following information is extracted from the book of trading business:
Trial Balance As on 30th Chaitra 2078 ParticularsDebit (Rs.)Credit (Rs.)Trade debtors64,000Bad debts8,000Provision for doubtful debts10,000
Additional information: ➢ New bad debts: Rs 4,000. ➢ Create provision for doubtful debts: 5% of trade debtors.
Required: Provision for doubtful debts account
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