18. Extracts of Trial Balance as at 31st March 2023:
| Dr. (Rs.) |
Cr. (Rs.) |
|
|---|---|---|
| Sundry Debtors (including Dewan for dishonoured Bill of Rs. 20,000) Provision for Doubtful Debts Bad Debts |
4,80,000 - 10,000 |
- 24,000 - |
Adjustments:
The following adjustments are to be made:
- ¾ th of Dewan’s bill is irrevocable.
- Create a provision of 6% on Sundry Debtors
Show the effect on Profit and Loss Account and Balance Sheet.
D.K.Goel/2024 Edition/Practical Questions/Q-18
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
Answer :