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From the following, pass necessary journal entries and show the presentation ofDebtors in final A/c:(4)EXTRACTOF TRIAL BALANCEAs on 31st March, 2005ParticularsDebitCreditDebtors1,50,000Bad-Debts6,500Provision for Doubtful Debts15,000djustments:a. Write off further Bad-debts Rs.5,000b. Provision for Doubtful debts is to be kept at 5% of Debtors.P. Provision for Discount on Debtors is to be maintained at 4%. |
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