An extract of Trial Balance as on Mar 31, 2009:
|
Account |
Dr. Balance Rs |
Cr. Balance Rs |
|
Sundry Debtors |
1,05,800 |
|
|
Bad Debts |
3,200 |
|
|
Discount |
1,500 |
Additional Information
- Create a provision for doubtful debts @ 10% on debtors.
- Create a provision of discount on debtors @ 3% on debtors.
- Additional discount given to debtors Rs 5,800.
Pass necessary Journal entries and make necessary ledger accounts.