Financial AccountingTU Board 2022
Following information were provided to you for the year ended chaitra 31st 2077. Trial balance on 31st chaitra ParticularsDebit Rs.Credit Rs.Account receivable52,000 Bad debts2,500 Provision for…
2Following information were provided to you for the year ended chaitra 31st 2077. Trial balance on 31st chaitra ParticularsDebit Rs.Credit Rs.Account receivable52,000---Bad debts2,500---Provision for doubtful debt---3,000 Addition information; • Further bad debt amounted to Rs 2,000. • Create provision for doubtful debt 5% of account receivable. Required: Provision for doubtful debt account.
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