The following balances appeared in the trial balance of M/s Kapil Trad

1.	The following balances appeared in the trial balance of M/s Kapil Traders as March 31, 2012. Rs Sundry debtors 30,500 Bad debts 500 Provision for bad debts 2,000 The partners of the firm agreed to records the following adjustments in the books of the Firm. Further bad debts Rs 300. Maintain provision for bad debts 10%. Show the following adjustments in the bad debts account, provision account, debtors account, profit and loss account and balance sheet.
Answer» The following balances appeared in the trial balance of M/s Kapil Traders as March 31, 2012. Rs Sundry debtors 30,500 Bad debts 500 Provision for bad debts 2,000 The partners of the firm agreed to records the following adjustments in the books of the Firm. Further bad debts Rs 300. Maintain provision for bad debts 10 $%$ . Show the following adjustments in the bad debts account, provision account, debtors account, profit and loss account and balance sheet.

The following balances appeared in the trial balance of M/s Kapil Traders as March 31, 2012. Rs Sundry debtors 30,500 Bad debts 500 Provision for bad debts 2,000 The partners of the firm agreed to records the following adjustments in the books of the Firm. Further bad debts Rs 300. Maintain provision for bad debts 10%. Show the following adjustments in the bad debts account, provision account, debtors account, profit and loss account and balance sheet.

Answer»

The following balances appeared in the trial balance of M/s Kapil Traders as March 31, 2012.

Sundry debtors 30,500

Bad debts 500

Provision for bad debts 2,000

The partners of the firm agreed to records the following adjustments

in the books of the Firm. Further bad debts Rs 300. Maintain

provision for bad debts 10 $%$ . Show the following adjustments in

the bad debts account, provision account, debtors account, profit

and loss account and balance sheet.