Question

Extract of trial balance as at 31.03.2020.

Bad debts Rs. 3000 Provison for doubtful debts (01.04.2019)

Debtors Rs.50,000

Rs.3,500.

Adjustment : Create a provison for

doubtful debts @ 5% On debtors and 2% Provision for discount on debtors. (4) How will you treat the above in financial statements of a sole propreitor.​

Answer 1

Answer:

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STEP 1: SELECT YOUR TOPIC.

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Answer 2

Answer:

The debtors given in trial balance will be adjusted against the balance of provision of bad debts and the bad debts given as adjustment will be reduced from debtors.