CA Foundation Exam  >  CA Foundation Questions  >  Sundry debtors on 31st March 2016 are Rs. 55,... Start Learning for Free
Sundry debtors on 31st March 2016 are Rs. 55,200.  Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%.  The amount of provision of doubtful debts will be
  • a)
    Rs. 1,045
  • b)
    Rs. 2,750
  • c)
    Rs. 1,100
  • d)
    Rs. 2,760
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts ar...
To calculate the provision for doubtful debts, we first need to subtract the bad debts from the total debtors. Then, we can calculate the provision for doubtful debts based on the given percentage.

Step 1: Calculate net debtors
Total debtors on 31st March 2016: Rs. 55,200
Bad debts: Rs. 200

Net Debtors = Total Debtors - Bad Debts
Net Debtors = Rs. 55,200 - Rs. 200
Net Debtors = Rs. 55,000

Step 2: Calculate provision for doubtful debts
Provision for doubtful debts = Net Debtors x Percentage of Provision for Doubtful Debts
Provision for doubtful debts = Rs. 55,000 x 5%
Provision for doubtful debts = Rs. 2,750

So, the amount of provision for doubtful debts is Rs. 2,750. The correct answer is (b) Rs. 2,750.
Free Test
Community Answer
Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts ar...
Debtors 55200
Bad debts 200
Provision for doubtful debts 5%
Provision for discount on debtors 2%
Therefore ,
amount for provision for doubtful debts :
debtors - bad debts =
55200 - 200 = 55000
provision for doubtful debts =
55000 × 5% = 2750
Explore Courses for CA Foundation exam

Similar CA Foundation Doubts

Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer?
Question Description
Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer? 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 Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer?.
Solutions for Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Sundry debtors on 31st March 2016 are Rs. 55,200. Further bad debts are Rs. 200. Provision for doubtful debts are to be made on debtors @ 5% and also provision of discount is to be made on debtors @ 2%. The amount of provision of doubtful debts will bea)Rs. 1,045b)Rs. 2,750c)Rs. 1,100d)Rs. 2,760Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev