Provision for doubtful debts------1,000Cr
Bad debts--------500Dr
Debtors-------50,000Dr
Additional bad debts to be written off-----500
New provision for doubtful debts to stand at 5% of debtors

The net figure for debtors in the balance sheet is 

 

Similar Questions

Given:  ........Jan. 2003.........Dec. 2003 Provision for bad debt........N1000 Debtors........

Which of the following is the basis accounting equation? ...

Where a non-profit making organization prepares the account using accruals basis of reporting, the s...

In a manufacturing enterprise depreciation of plant is treated in the ...

When Your Silence Is Loud..& Your Eyes Speaking Volumes.. Calculate the value of credit sales...

Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...

The consistency concept aims at ...

Which of the following is a debit item in the purchase ledger control account? ...

Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...

Closing stock was overstated. The effect is that ...