An extract of Trial balance from the books of Tahiliani and Sons Enterprises on March 31, 2017
Question:
An extract of Trial balance from the books of Tahiliani and Sons Enterprises on March 31, 2017 is given below:
Additional Information:
• Bad Debts proved bad but not recorded amounted to ₹ 2,000.
• Provision is to be maintained at 8% of Debtors.
Give necessary accounting entries for writing off the bad debts and creating the provision for doubtful debts account. Also show the necessary accounts.
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Date Account Title and Explanation Debit Credit March 31 2017 Bad Debts 2000 Sundry Debtors 2000 To ...View the full answer
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Related Book For 
Accountancy Financial Accounting Part 1 Textbook For Class 11
ISBN: 9788174505071
1st Edition
Authors: NCERT
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