Question No 08 Chapter No 14 - USHA Publication 11 Class

Question No 08 Chapter No 14

Provision for Doubtful debit and for discount on Debtors

8. Bharat cotton Mills Ltd. Created a repairs and renewals provision on and from 31st march 2017 by charging Rs 2,000 each year to revenue. During the three years ended on 31st March 2019 the total expenses on repairs and renewals were: 2016-17 Rs 1,360; 2017-18 Rs 1,896 and 2018-19 Rs 2,016 respectively.
You are required to show the ledger count for three years.

The solution of Question No 08 Chapter No 14: -

Dr.	Provision for Doubtful Debts A/c						Cr.
Dat	Particulars	J.F.	Amount	Date	Particulars	J.F.	Amount
31/03/17	To Bank A/c(repairs)		1,360	31/03/17	By Balance b/d		2,000
31/03/17	By Balance C/d		640
			2,000				2,000
31/03/18	To Bad debts A/c		1,896	1/04/17	By Balance b/d		640
				31/03/18	By Profit/Loss A/c		2,000
31/03/18	By Balance C/d		744
			2,640				2,640
31/03/19	To Bad debts A/c		2,016	01/04/18	By Balance b/d		744
31/03/19	By Balance C/d		728	31/03/19	By Profit/Loss A/c		2,000
			2,744				2,744

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Usha Publication - Elements of Book-Keeping PSEB (Class 11) - Solution

Chapter No. 1 - Introduction

Chapter No. 2 - Theory Base of Accounting 

Chapter No. 3 - Origin of Transactions

Chapter No. 4 - Vouchers and transactions

Chapter No. 5 - Journal

Chapter No. 6 - Accounting for Goods and Services Tax(GST)

Chapter No. 7 - Ledger

Chapter No. 8 - Cash Book

Chapter No. 9 - Other Subsidiary Books

Chapter No. 10 - Journal Proper

Chapter No. 11 - Trial Balance

Chapter No. 12 - Bank Reconciliation Statement

Chapter No. 13 - Depreciation

Chapter No. 14 - Provisions and Reserves 

Chapter No. 15 - Bills of Exchange

Chapter No. 16 - Rectification of Errors 

Chapter No. 17 - Financial Statements - (Without Adjustments)

Chapter No. 18 - Financial Statements - (With Adjustments)