sundry debtors=Rs50000.Bad debt reserve(cr.)=rs1200.
and additional information
written off bad debts =rs 500. and create bad debts [email protected]%on sundry debtors.How to solve this problem
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Answer: journal entries :
Bad debts a.c. dr. 500
To sundry debtors a.c .500
Profit and loss a.c. dr. 1238
To provision for bad and doubtful debts a.c. 1238
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