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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
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