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Final accounts please help

IPCC 847 views 3 replies

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.

Replies (3)

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

debtors balance--16400 provision----- @ 10%--1640(new)
Debtors bal is 16400 PBDD is 1640


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