Following information are extracted from books of Mr. XYZ Particulars Rs. Closin

Question

Following information are extracted from books of Mr. XYZ

Particulars

Rs.

Closing value of stock

40,000

Write off Bad debts (given in adjustments)

2,400

Sundry Debtors (given in trial balance)

33,200

Provision is created on Debtors at 5%

Requirement: Identify the Total amountwhich will deduct from Sundry debtors.

       ? Rs. 460

       ? Rs. 2,400

       ? Rs. 1,540

       ? Rs. 3,940

Particulars

Rs.

Closing value of stock

40,000

Write off Bad debts (given in adjustments)

2,400

Sundry Debtors (given in trial balance)

33,200

Provision is created on Debtors at 5%

Explanation / Answer

Provision for debtors (5%)   *33,200.............. 1,660 Less: Provison (5%) * bad debt write-off..........(120) Total deduction from debtors.............................1,540 Total deduction from debtors.............................1,540

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---