Following is the extract from the Trial Balance of a business entry as on Mar 31, 2009:
|
Account |
Dr. Balance Rs |
Cr. Balance Rs |
|
Sundry Debtors |
1,10,000 |
|
|
Provision for Doubtful debts |
5,000 |
|
|
Bad Debts |
7,500 |
Additional Information
- Additional Bad debts Rs 20,000
- Maintain the provision for doubtful debts @ 5% on debtors make the necessary journal entries, ledger accounts and final accounts.