PRACTICAL PROBLEM - 11 OF FINAL ACCOUNT(WITH ADJUSTMENT)(PART-14)+2ND YEAR ACCOUNTING(CHSE).Best Com

Описание: PRACTICAL PROBLEM - 11 :- The balance in the provision for bad debts and provision for discount on debtors stood at rupees 1240 and rupees 750 respectively on 1st April,2023. On 31st March,2024 the debtors stood at rupees 16000. A bill discounted with the bank for rupees 800 was dishonored and an entry for this is still to be made.
During 2023-24, bad debts written off were rupees 860 and discounts allowed were rupees 690. The firm maintains provision for bad debts at 5% and provision for discount at 2% of the debtors. Show both these accounts and also give the necessary journal entries.

PRACTICAL PROBLEM - 11 :- FINAL ACCOUNT (WITH ADJUSTMENT) CHAPTER 2 (PART 14) +2ND YEAR ACCOUNTING
+2nd year commerce (Accounting)
CHSE(ACCOUNTING).Best commerce class -12
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