Question

in company final account debtors are also treated as​

Answer 1

Answer:

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Answer 2

Explanation:

They are added to the already written-off bad debts and displayed on the profit and loss account's debit side.

On the asset side of the balance sheet, they are deducted from the adjusted sundry debtors.

The following formula can be used to calculate final accounts:

Make a list of trial balance adjustments and objects.

Debit items should be recorded on the expense side of the P&L account or the assets side of the balance sheet.

Credit items should be recorded on the income side of the trading P&L account or the liabilities side of the balance sheet.