From the following trial balance & additional information prepare Provision for Doubtful Debts
Accounts & Provision for Discount on Debtors Account. Make balance sheet extract.
Bad Debts 14,000
Discount Allowed 11,000
Provision for Doubtful Debts 10,000
Provision for Discount on Debtors 5,700
Sundry Debtors 5,15,000
Additional Information:
1) Further Bad Debts ₹ 9,000 & Further Discount Allowed ₹ 6,000
2) Create Provision for Doubtful Debts @ 5% & Provision for Discount on Debtors @ 3%
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