# Question No 22 Chapter No 18 – USHA Publication 11 Class

Question No 22 Chapter No 18

22. On 1st April 2015 the provision for bad debts account showed a credit balance of Rs 3,600 During the year the bad debts amounted to Rs 2,800. the debtors on 31st March 2016 amounted to Rs 96,000 and a provision of 5% for doubtful debts was maintained. The bad debts during the year 2016-17 amount to Rs 5,400. on 31st March 2017, the debtors amounted to Rs 1,00,000and a5% provision for bad debts was required to keep. In 2017-18 the debts amounted to Rs 1,200 and the debtors at the end of the year amounted to Rs 40,000 on which a provision of 5% for bad debts was to be maintained.
Show the provision for bad debts account and also show how this item will appearing the profit and loss account and balance sheet in every three years.

### The solution of Question No 22 Chapter No 18:-

 Provision for bad debts A/c Date Particular Amount Date Particular Amount 2016 2015 Mar. 31 To bad debts A/c 2,800 Apr. 1 By Balance b/d 3,600 Mar. 31 To Balance c/d 4,800 2016 Mar. 31 By P & L A/c 4,000 7,600 7,600 2017 2016 Mar. 31 To bad debts A/c 5,400 Apr. 1 By Balance b/d 4,800 Mar. 31 To Balance c/d 5,000 2017 Mar. 31 By P & L A/c 5,600 10,500 10,500 2018 2017 Mar. 31 To bad debts A/c 1,200 Apr. 1 By Balance b/d 5,000 Mar. 31 To Balance c/d 1,800 Mar. 31 By P & L A/c(5% of 40,000) 2,000 5,000 5,000

 Profit & loss A/c Labilities Amount Assets Amount 2016 Debtors A/c 96,000 Less: Provision for bad debts @5% 4,800 91,200 2017 Debtors A/c 1,00,000 Less: Provision for bad debts @5% 5,000 95,000 2018 Debtors A/c 40,000 Less: Provision for bad debts @5% 2,000 38,000 – –

Final Accounts: Definition and Explanation

Profit and Loss Account: Meaning, Format & Examples

Balance Sheet: Meaning, Format & Examples

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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)