Question

From the following, pass necessary journal entries and show the presentation of
Debtors in final A/c:
(4)
EXTRACTOF TRIAL BALANCE
As on 31st March, 2005
Particulars
Debit
Credit
Debtors
1,50,000
Bad-Debts
6,500
Provision for Doubtful Debts
15,000
djustments:
a. Write off further Bad-debts Rs.5,000
b. Provision for Doubtful debts is to be kept at 5% of Debtors.
P. Provision for Discount on Debtors is to be maintained at 4%.​

Answer 1

Answer:

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