Menu
Plz solve..
Bad debts Rs.4000; provision for bad debts Rs.5000; sundry debtors Rs.25000. It is desired to create a provision for dad debts At 10% on sundry debtors at end of the year. Sundry debtors will appear in the Balance sheet at ?. . . . Ans, is Rs.22500. Plz explain
Replies (1)
Its so simple dedct 10% ie new bad debt from Sundry Debtors:25000-10%of 25000=22500
Recent Topic
- Unable pay Self Assessment Tax - Netbanking and De
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
Related Topics
CAclubindia
