Eample : The followingis the extract from a Trial Balance:

TRIAL BALANCE
as on ..

Particulars
Sundry Debtors 10,00,0000
Bad Debts 20,000

Additional Information
Write off7 10,000 as Bad Debts.
Show the relevant extracts from the Profit and Loss Account and the Balance Sheet.
a n sa l c

Following are the extracts from the Trial

Example.

TRIAL BALANCE
alance of P m Sons.
as on 31st
March, 2018
Particulars
Sundry D e b t o r s
Dr Cr
Doubtful Debts 60,000
Provision for
Bad Debts 6.04
Additional Information 3.000
)Additional bad debts F 1,000.
( Keep the provision for bad debts @ 5% on debtors.
You are required to pass the necessaryJOurnal entries and
Debs A.ccount and show how the different prepare Provision for DouDui
items will appear in the firm's final
accounts.
 Tamnle, Prepare Journal Entries and the Bad-Debts
nRI Accounts, Provision Accour
ACcount and Balance Sheet from the following information ount,
as on 31.12.2018

Debtors 80,000
Bad-Debts 2,000
Provision for Bad-Debts 5,000
Adjustments. Bad-debts F 500 provision on debtors 3%.
 Example. Following the Trial Balance of a firm
are the extracts from
TRIAL BALANCE

as on 3/st March, 2018

Debit Credit
Ledger Accouns
Sundry Debtors 80,600
Provision for Bad and Doubtful Debts 4,000
Bad Debts
1,400

Adjustments
(i) There were further bad debts of 7 600.
(ii) Create a provision for doubtful debts @ 5%.
(iii) Make provision for discount on debtors @2%.
a

Show the accounting treatment of the above.

 are the extracts
the from the Trial Balance of a firm
Following
Evample. TRIAL BALANCE
as on 3 Ist March, 2018
l e d g e rA c C O u n t s
D C
Sundry Debtors
1,00,000
Bad D e b t s
6,000
Discount
4,000
Additional I n f o r m a t i o n

Create a
provision for doubtful debts @ 5% on debtors.
Create a provision for discount on debtors @ 2% on debtors.
discount given to the debtors
1,000.
iil Additional
You are required to pass the necessary journal entries and show how the different items

would appear in the Profit & Loss Account and the Balance Sheet of the fim.
dstienis

are the extracts from

the Trial Balance of a firm
Following

ample
TRIAL BALANCE

as on 31st March, 2018

Dr. Cr
d g e r A c c O u n t s

1,00,000
Sumdry D e b t o r s

Debts 10,000
for Bad
Provision
Discount on Debtors 4,000
Provision for
6,000
Bad Debts

Discount
2,000
Additional Information

Debts 3,000.
) Additional Bad debtors.
(i)Create a provision for bad debts @ 6% on

Discount7 1,600.
(ii) Additional
discount @ 2.5% on debtors.
(iv) Create a provision for
entries, Provision for Bad and Doubtful Debts Account
Pass the necessary journal prepare
and Provision for Discount on Debtors Account and show how these
items will be shown
in the final accounts of the firm.