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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Final accounts please help
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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