Which account is debited while recording the entry of bad debts of Mr. Ram amounting to Rs 10,000 given in adjustments?
Which account is credited while recording the entry of bad debts of Mr. Ram amounting to Rs 10,000 given in adjustments?
Rahul's trial balance provide you the following information:
DebtorsRs. 80,000Bad debtsRs. 2,000Provision for bad debtsRs. 4,000
It is desired to maintain a provision for bad debts of Rs. 1,000. State the amount to be debited/credited in profit and loss account.
Salary paid to Ram Rs 10,000 for the month of August was recorded to his personal account. To rectify this,___ Account shall be debited & ___ Account shall be credited by Rs 10,000.