Question

Following information is given in the trial balance Bad debts ₹.3, 000 Provision for bad Debts ₹. 3,500 Debtors ₹. 40,000​
Additional information
It is decided to make a provision for doubtful debts @ 10% on debtors. Find the
amount debited in profit & loss account.

Answer 1

Answer:

amount devotee in profit and loss account

bad debt. 3000

+ new provision 4000

- old provision. 3500

balance. 3500 show in profit loss account