Sundry debtors rupees 40000.
As regard debtors it is ascertain that rupees 1000 are irrecoverable and they provision of 2% is to be created on sundry debtors.
* how to calculate sundry debtors on statement of affairs on closing capital
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Answer.
SUNDRY DEBTORS-NEW BAD DEBTS.
40000-1000=39000
New provision=2%of 39000= 780
And in statement of affairs-
SUNDRY debtors-new BAD DEBTS-new provision i.e 40000-1000-780=38220.
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