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Following is the extract from the trial balance of a firm as at 31st March 2018 sundry debtors - 410,000 provision for doubtful debts bad debts 6000 bad debts 20000 . Additional information: Additional bad debts rs 10000 Maintain the provision for doubtful debts @10% on Sundry debtors. Pass necessary general entries and show relevant accounts including final account?
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Following is the extract from the trial balance of a firm as at 31st M...
General Entries:
1. Bad Debts Account Dr. 10000
To Sundry Debtors Account 10000
2. Provision for Doubtful Debts Account Dr. 31000
To Sundry Debtors Account 31000

Relevant Accounts:
1. Sundry Debtors Account
Particulars | Debit | Credit
Opening Balance | | 410000
Bad Debts | 20000 |
Additional Bad Debts | 10000 |
Provision for Doubtful Debts | 31000 |
Closing Balance | | 359000

2. Provision for Doubtful Debts Account
Particulars | Debit | Credit
Opening Balance | |
Bad Debts | |
Additional Provision | 31000 |
Closing Balance | 31000 |

3. Bad Debts Account
Particulars | Debit | Credit
Opening Balance | |
Bad Debts | 6000 |
Additional Bad Debts | 10000 |
Closing Balance | | 16000

Final Accounts:
1. Profit and Loss Account
Particulars | Debit | Credit
Bad Debts | 20000 |
Closing Balance of Bad Debts | 16000 |
Total | | 36000

2. Balance Sheet
Particulars | Debit | Credit
Sundry Debtors | 359000 |
Less: Provision for Doubtful Debts | 31000 |
Net Sundry Debtors | | 328000
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Following is the extract from the trial balance of a firm as at 31st March 2018 sundry debtors - 410,000 provision for doubtful debts bad debts 6000 bad debts 20000 . Additional information: Additional bad debts rs 10000 Maintain the provision for doubtful debts @10% on Sundry debtors. Pass necessary general entries and show relevant accounts including final account?
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Following is the extract from the trial balance of a firm as at 31st March 2018 sundry debtors - 410,000 provision for doubtful debts bad debts 6000 bad debts 20000 . Additional information: Additional bad debts rs 10000 Maintain the provision for doubtful debts @10% on Sundry debtors. Pass necessary general entries and show relevant accounts including final account? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Following is the extract from the trial balance of a firm as at 31st March 2018 sundry debtors - 410,000 provision for doubtful debts bad debts 6000 bad debts 20000 . Additional information: Additional bad debts rs 10000 Maintain the provision for doubtful debts @10% on Sundry debtors. Pass necessary general entries and show relevant accounts including final account? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Following is the extract from the trial balance of a firm as at 31st March 2018 sundry debtors - 410,000 provision for doubtful debts bad debts 6000 bad debts 20000 . Additional information: Additional bad debts rs 10000 Maintain the provision for doubtful debts @10% on Sundry debtors. Pass necessary general entries and show relevant accounts including final account?.
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