Question

Show how the follwing items will appear in the financial statement of a from to be prepared for the year ended 31.3.2020

particvlers debit credit
debtors 55000
bed debts 1000
provision for bed debts 3400​

Answer 1

Explanation:

In statement of financial positions

Current assets

Stocks

Debtors - 55,000/-

In profit or loss statement

Distribution expenses

Bad debts 3400 - 1000

= 2400/-

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