Question No 4 Chapter No 12 - Unimax 11 Class

The solution of Question No 4 Chapter No 12 - Unimax Class 11: 

Dr	Dr. Bad debts A/c Cr.		Cr
Particulars	Amount	Particulars	Amount
To Balance b/d	2,000	By provision for bad debts A/c	2,500
To Debtors A/c	500
	2,500		2,500

Provision for bad debts A/c			Cr
Particulars	Amount	Particulars		Amount
To Bad debts A/c	2,500	By Balance b/d		5,000
To Balance c/d	2,385
To profit & Loss A/c	115
	5,000			5,000
Profit & Loss A/c			Cr
Particulars	Amount	Particulars		Amount
		By provision for bad debts	5,000
		Less: Bad debts	500
		Less: further bad debts	2,000
		Less: new provision for bad debts	2,385	115

Balance sheet as on 31/12/2019

Liabilities	Amount	Assets		Amount
		Debtors	80,000
		Less: further bad debts	500
			79,500
		Less: new provision for bad debts	2,385	77,115

Working Note:

1. 80,000 – 500 = 79,500 – (2,385) = 77,115

2. 79,500 X 3/100 = 2,385

It is all about Question No 4 Chapter 12 of Class 11 unimax, If you have any problem please comment below.

Read out the full article to know the meaning of Depreciation

Provisions and Reserves | Meaning | Methods | Examples

https://tutorstips.com/provision-and-reserve/

Also, Check out the same article in Hindi from the following link

Depreciation | Meaning | Methods | Examples-in Hindi

Also, Check out the solved question of all Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

• Chapter No. 1 - Introduction of Accounting
• Chapter No. 2 - Theory Base of Accounting
• Chapter No. 3 - Vouchers and Transactions
• Chapter No. 4 - Journal
• Chapter No. 5 - Goods and Services Tax (GST): An Introduction
• Chapter No. 6 - Ledger
• Chapter No. 7 - Special Purpose Book -  Cash Book
• Chapter No. 8 - Other Subsidiary Books 
• Chapter No. 9 - Trial Balance 
• Chapter No. 10 - Rectification of Errors
• Chapter No. 11 - Depreciation
• Chapter No. 12 - Provision and Reserves
• Chapter No. 13 - Bank Reconciliation Statement
• Chapter No. 14 - Bills of Exchange 

Students may choose only one part from Part II and Part III

Part-II

• Chapter No. 15 - Financial Statements (Without Adjustments)
• Chapter No. 16 - Financial Statements (With Adjustments)
• Chapter No. 17 - Accounts from Incomplete Records -  Single Entry System

Part-III

• Chapter No. 18 - Introduction to Computers and Accounting information System
• Chapter No. 19 - Computerised Accounting
• Chapter No. 20 - Accounting Software: Tally 
• Chapter No. 21 - Data Base System
• Chapter No. 22 - Concept of Entity and Relationship
• Chapter No. 18 - Introduction to Computers and Accounting information System
• Chapter No. 19 - Computerised Accounting
• Chapter No. 20 - Accounting Software: Tally 
• Chapter No. 21 - Data Base System
• Chapter No. 22 - Concept of Entity and Relationship