Question

Visi
Transfer from Profit and Loss AC-3
Provision for Doubtful Debis
Pass necessary Journal entries.
[Provision for Doubtful Debts-
Y1. Arun is a trader. While preparing his final accounts on 31st March, 2019, he made a pro
for doubtful debts @ 4% of the sundry debtors amounting to 42,000. During the year
31st March, 2020, doubtful debts amounted to 3,400. On 31st March, 2020, sundrydh
were 56,500 and the provision for doubtful debts was maintained at the same rate
Show the entries to record the above matters in Arun's Ledger Accounts.
[Year ended 31st March, 2019-Provision required=?]
Transfer from Profit and Loss Alc-?!
Year ended 31st March, 2020-Provision required!
18. On 1st April, 2018, Shiv had a Provision for Doubtful Debts of 7 650. On 31st March
total debtors amounted to 18,400 out of which
2 400
were bad and had to be write
It was decided to maintain a Proriginn
1
1.btors​

Answer 1

Explanation:

Year ended 31st March , 2018- Provision required - Rs 1,680; <br> Transfar from Profit and Loss A/c- Rs 1,680; <br> Year ended 31st March, 2019 - Provision requird -Rs 2,260; <br> Transfar from Profit an Loss A/c -Rs 3,980.