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1-New provision:

Accounts receivable= Rs. 205000


-Bad Debts = Rs. 5000
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= Rs. 2000000
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New provision = Rs. 2000000 * 5 %
New provision = Rs. 10000

2- amount of Provision for doubtful debts to be appeared in


Profit and
Loss Account:
Ali & Sons
Profit and Loss Account
For the year ended Dec 31, 2010

Narration Rs. Rs.


New provision for 10000
doubtful debts
+ total Bad debts 13000
( 8000+5000)
23000
- Old provision for 6000
doubtful debts
amount of Provision for 17000
doubtful debts
3-amount of Sundry debtors to be shown in Balance Sheet

Ali & Sons


Balance sheet
As on 31st December 2010

Assets Rs. Rs.


Current Assets:
Debtors 205000
-Bad debts 5000
-new provision 10000
190000

Question # 2:

Debtors control account

Debit side Credit side

Date No. Narrations Dr. Rs. Date No. Narrations Dr. Rs.

1 Bal B/F 25000 4 Discount Allowed 2000


3 Credit Sales 50000 6 Receipts 35000

7 Bad debts 10000


8 Sales return 5000

Bal C/F 23000

Total 75000 Total 75000