Provision for doubtful debts------1,000Cr
Bad debt...
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 provision for doubtful debts to be charged to the Profit and Loss Account is
Le 2,500
Le 2,475
Le 2,450
Le 1,000
Correct answer is A
No explanation has been provided for this answer.
GH⊄ Sales 200000 Purchase 170000 ...
Interest on partners drawings are debited in the ...
In government imprest system the amount reimbursed is the ...
The concise statement used to explain entries in the general journal is known as ...
Use the following information to answer the given question \(\begin{array}{c|c} & DR & CR...
\(\begin{array}{c|c} & N \\ \hline \text{Stock Jan 1} & 2600 \\ \hline \text{Purchases} & 4000 \\...
Which of the following is not an externally visible part of a computer? ...
Goods returned to a supplier is ...
The budget statement presented to the legislature by the Chief Executive is called? ...