Following information are extracted from books of Mr. XYZ Particulars Rs. Closin
ID: 2445465 • Letter: F
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.............................1,540Related Questions
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