(a) Write off ` , as bad debts (b) Provide % for doubtful debts (c) Provide % for discount on debtors Show how these items will appear in the profit and loss A/c and balance sheet of the trader. ( Answer : Profit and loss account: ` , (Dr.), Balance of sundry debtors in balance sheet: ` 45619) . The following are the extracts from the trial balance. Sundry debtors ` , ; Bad debts ` , Additional information: (a) Write off further bad debts ` , .
(b) Create % provision for bad and doubtful debts. You are required to pass necessary adjusting entries and show how these items will appear in profit and loss account and balance sheet. ( Answer : Profit and loss account: ` , (Dr.), Balance of sundry debtors in balance sheet: ` , ) . The following are the extracts from the trial balance.
Debit ` Credit ` Sundry debtors Provision for doubtful debts Bad debts , , , Additional information: (a) Additional bad debts ` , . Accountancy (b) Keep a provision for bad and doubtful debts @ % on sundry debtors. You are required to pass necessary adjusting entries and show how these items will appear in profit and loss account and balance sheet. ( Answer : Profit and loss account: ` , (Dr.), Balance of sundry debtors in balance sheet: ` , ) .
The following are the extracts from the trial balance. Debit ` Credit ` Sundry debtors Discount on debtors Bad debts , , , Additional information: (a) Create a provision for doubtful debts @ % on sundry debtors. (b) Create a provision for discount on debtors @ % on sundry debtors. You are required to pass necessary adjusting entries and show how these items will appear in the final accounts.
( Answer : Profit and loss account: Provision for bad and doubtful debts ` , (Dr.), Provision for discount on debtors: ` , (Dr.); Balance of sundry debtors in balance sheet: ` , ). . Prepare trading account of Archana for the year ending 31st December, from