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Question - From the following details how much should be charged to profit and loss A/c as debs during the current year.

Provisions for bad debts A/c as on 1-4-2006 Rs. 22,000

Actual bad debts during 2006-07 Rs. 20,000

Debtors balance as on 31-3-2007 Rs. 80,000

Debtors includes Rs. 5,000 due by the proprietor for the goods withdrawn for self-use

A credit sales of Rs.4,500 was erroneously recorded in the sales day book as Rs. 5,400.

Provisions for bad debts to be made@5% of total debtors.

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Accounting Basics, Accounting

Category:- Accounting Basics
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