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QUESTION – 01
The following are the information available from the Trial Balance of Mr. Ali & Sons for the
year ended on 31st December 2010.
Adjustments:
� Write off Rs. 5,000 bad debts from accounts receivable.
� Maintain provision for doubtful debts at 5%.
Required:
1. Calculate new provision.
2. Calculate the amount of Provision for doubtful debts to be appeared in Profit and
Loss Account.
3. Calculate the amount of Sundry debtors to be shown in Balance Sheet.
QUESTION – 02
The financial year of Mr. Ali & Sons is closed on June 30, 2010. Data regarding Mr. Ali &
Sons is given below:
Required:
Prepare Debtors control account for the month of June, 2010.
Particulars Debit
Rs.
Credit
Rs.
Accounts receivable
Bad debts
Provision for doubtful debts
205,000
8,000
6,000
Particulars Rs.
Opening balance of sundry debtors 25,000
Cash sales 100,000
Credit sales 50,000
Discount allowed 2,000
Discount received 6,000
Receipts from debtors 35,000
Bad debts written off 10,000
Sales returns (from credit sales) 5,000
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W8inggggggggg....
yah sure will be upload soon
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kindly, sooon
I am wainting with irritation. Becuase, still I have not prepared my cs101 assigment.
amjad
all solutions will be uploaded just wait plz
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ok guys here come the final solution download it.
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