Question

The Balance Sheet of firm
under dissolution shows
Debtors at Rs 60000 and
provision for bad debts at Rs
2500 .If Debtors of Rs 10000
proved bad and remaining
realized 90% of its value, the
amount to be credited to
realization will be ,​

Answer 1

Answer:

Amount to be credited to realisation account is Rs.12500.

Explanation:

hope it will help

Answer 2

The amount to be credited to realization will be  Rs. 42,750.

• In this case, the following formula can be used to determine the amount to be credited to realisation:

• Debtors' total amount is Rs. 60,000.
• Less: Rs. 2,500 is the provision for bad debts.
• Debtors' total debt is Rs. 57,500.

• Debtors would still owe a debt of Rs. 47,500 if the first Rs. 10,000 in Debtors proved to be problematic (i.e., Rs. 57,500 - Rs. 10,000).

• The amount that can be credited to realisation would be: Assuming that 90% of the remaining Debtors are realised:

• 90% of £47,500 is £42,750

• After bad debt and the 10% discount for non-payment, this shows the fraction of the remaining debtors that is anticipated to be realised. It is crucial to remember that this computation is based on the data supplied and may need to be adjusted in light of new information or other considerations.

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