My Question is as under that,?
The Balance Sheet of A & Co as on 31-12-2003 included the following items:
Sundry DebtorsRs. 98,000
Less: Provision for Bad Debts Rs. 2,450 Rs.95,550
At the end of the following years, the gross amount of Debtors (before deducting a provision) was as under:
2004 Rs. 94,000
On each of these years there was a provision for bad debts calculated on the same percentage basis as on 31-12-2003.
The actual amount of bad debts written off from Debtors Accounts over those periods was:
You are required to prepare Bad Debts Account and Provision for Bad Debts Account for the years 2004 and 2005.
- Anonymous1 decade agoFavorite Answer
That makes no sense at all to me