Solve this-Q-8- Rahul-s Trial Balance as on 31st March- 2017 has the following information-Head of Accounts-Debit-Credit-Sundry Debtors-Bad Debts-1-00-000-2-000- nbsp-Additional Information-Write off Rs- 2-000 as Bad Debts-Show relevant extracts from the Profit and Loss Account and Balance Sheet-

Dear Student Extract of Profit and Loss Account nbsp; Bad Debts nbsp; 2,000 Add : Additional Bad Debts 2,000 Total to be ...

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Standard XI

Accountancy

Errors Committed in Recording Transactions

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Q.8. Rahul's Trial Balance as on $31^{s t}$ March, 2017 has the following information:

Head of Accounts Debit Credit

Sundry Debtors
Bad Debts 1,00,000
2,000

Additional Information:
Write off Rs. 2,000 as Bad Debts.
Show relevant extracts from the Profit and Loss Account and Balance Sheet.

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Solution

Dear Student

Extract of Profit and Loss Account

Bad Debts 2,000

Add : Additional Bad Debts 2,000

Total to be debited in profit and loss account 4,000

Extract of Balance sheet

Debtors 1,00,000

Less: Additional Bad debts 2,000

Net Debtors 98,000

Regards

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Head of Accounts	Debit	Credit
Sundry Debtors Bad Debts	1,00,000 2,000

Bad Debts	2,000
Add : Additional Bad Debts	2,000
Total to be debited in profit and loss account	4,000

Debtors	1,00,000
Less: Additional Bad debts	2,000
Net Debtors	98,000

Solve this: Q.8. Rahul's Trial Balance as on 31st March, 2017 has the following information: Head of Accounts Debit Credit Sundry Debtors Bad Debts 1,00,000 2,000 Additional Information: Write off Rs. 2,000 as Bad Debts. Show relevant extracts from the Profit and Loss Account and Balance Sheet.

Dear Student Extract of Profit and Loss Account Bad Debts 2,000 Add : Additional Bad Debts 2,000 Total to be debited in profit and loss account 4,000 Extract of Balance sheet Debtors 1,00,000 Less: Additional Bad debts 2,000 Net Debtors 98,000 Regards

Dear Student

Extract of Profit and Loss Account

Bad Debts 2,000

Add : Additional Bad Debts 2,000

Total to be debited in profit and loss account 4,000

Extract of Balance sheet

Debtors 1,00,000

Less: Additional Bad debts 2,000

Net Debtors 98,000

Regards