Balance shown in trial balance as on 31/3/2015 Sunday debtors= 150000, create Provision for discount on debtors @ 2% what will be
Realisable debts ?
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Answer:
discount on . debtors = amount of debtors × rate
=(2/100×150000)
= 3000
realisable debt = 150000- 3000
=147000
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