Treatment of Bad debts and provision for bad debts in final Accounts| Class 11

Treatment of Bad debts and provision for bad debts in final Accounts| Class 11

Treatment of Bad debts and provision for bad debts in final Accounts| Class 11 The following amounts are taken from the Trial Balance of Pioneer Sports Trial Balance as at 31st March, 2023 Heads of Accounts l.f. dr.(₹) Cr.(₹) Sundry debtors 100000 Provison for Doubtful debts 8000 Bad debts 2500 Adjustment: provide for Doubtful Debts @5% onn sundry Debtors. Show the relevant extracts of the profit and loss account and the balance sheet.