Question No 23 Chapter No 18 - USHA Publication 11 Class

Question No 23 Chapter No 18

Table of Contents

The solution of Question No 23 Chapter No 18:-

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

Bad bets and Provision

23. On 1st April 2016 M/s Gopi Krishna had the provision of bad debt of Rs 6,500. on 31st March 2017, the total amounted to Rs 1,84,000 out of which Rs 4,000 were bad and had to be written off. The firm wants to maintain the provision of a bad debt at 5% of the debtors
On 31st March 2018, the total debtors amounted to Rs 1,03,200 out of which Rs 3,200 had to be written off as bad debts. The provision for bad debts is t be maintained at 5% of the debtors.
Show the bad debts account and Provision for bad debts Account for 2016-17 and 2017-18

The solution of Question No 23 Chapter No 18:-

	Provision for bad debts A/c
Date	Particular	Amount	Date	Particular	Amount
2017			2016
			Apr. 1	By Provision for debts	4,000
Mar. 31	To S. debtors A/c	4,000
		4,000			4,000
2018			2017
			Apr. 1	By Provision for debts	3,200
Mar. 31	To S. debtors A/c	3,200	2017
		3,200			3,200

	Provision for bad debts A/c
Date	Particular	Amount	Date	Particular	Amount
2017			2016
Mar. 31	To bad debts A/c	4,000	Apr. 1	By Balance b/d	6,500
Mar. 31	To Balance c/d	9,000	2017
			Mar. 31	By P & L A/c	6,500
		13,000			13,000
2018			2017
Mar. 31	To bad debts A/c	3,200	Apr. 1	By Balance b/d	9,000
Mar. 31	To S. debtors A/c	5,000
Mar. 31	To P & L A/c	800
		9,000			9,000