Final accounts please help

IPCC 788 views 3 replies
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DATA ANALYST/ STUDENT
682 Points Joined November 2010

plz tell me da treatment for da following in preparatn of final accounts.
trial balance------->debtors 16800/- ;PBDD=800;
adjustment: amt of 1200/-out of sundry debtors has to writtenoff as bad debt and PBDD has to be increased thereafter to 10% of debts outstanding.

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On 06 September 2011 at 21:35 Report
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CA IN PRACTICE
16719 Points Joined May 2011

TOTAL DEBTORS=16800

LESS BAD DEBTS=1200

BALANCE= 15600

PROVISION 10% OF 15600= 1560

PROVISION ALREADY MADE = 800

PROVISION TO BE MADE NOW=760

RECTIFY ME IF I AM WRONG

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On 06 September 2011 at 21:41
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punjab
104 Points Joined January 2010
debtors balance--16400 provision----- @ 10%--1640(new)
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On 06 September 2011 at 21:46
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Entrepreneur
94 Points Joined January 2011
Debtors bal is 16400 PBDD is 1640
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On 06 September 2011 at 22:28


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