deduction from the debtors account to portray correctly the expected realiable

deduction from the debtors account to portray correctly the expected realiable value of debtors as Rs. , . Trading and Profit and Loss Account of Ankit for the year ended March , Cr. Expenses/Losses Revenues/Gains , , , , Add Outstanding wages ( ) , Gross profit c/d , , , , , Salaries , Gross profit b/d , Less Prepaid salary ( , ) Rent of building , Commission received , Add Accrued , Depreciation–Furniture commission , Add Further bad debts , , Provision for doubtful debts Provision for discount on debtors Net profit (transferred to , Ankit’s capital account) , , Balance Sheet of Ankit as on March , Liabilities Assets Owners Funds Non-Current Assets Add Net profit , , Less Depreciation ( , ) , Non-Current Liabilities Current Assets Long-term loan , Less Further , bad debts , Less Provision for doubtful debts , Less Provision for discount on debtors ( ) , Current Liabilities & Provisions Prepaid salary Accrued commission Bank Outstanding wages Cash Rent received in advance , ,