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please give the ans as soon as possible. i am running out of time Question #04 Marks : 03 Sundry debtors Tk. 104,000.00 Bad debts
please give the ans as soon as possible. i am running out of time
Question #04 Marks : 03 Sundry debtors Tk. 104,000.00 Bad debts Tk. 5,000.00 Provision for bad and doubtful debts Tk. 2,000.00 Adjustments 1. Additional bad debts Tk. 4,000.00 2. Create a provision for bad debts @5% on sundry debtors. Required : Prepare necessary adjusting entries. Question #05 Marks : 02 1. Interest charged on drawings Tk. 50.00 2. Write off bad debts Tk. 500.00 3. Depreciate furniture by Tk. 1.000.00 4. Interest on investment accrued Tk. 400.00Step by Step Solution
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