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Rectification for Posting of Wrong Amount

Sundry Debtor...

Question

Sundry Debtors closing balance Rs. 20000 , Further Bad debts Rs. 1000 , Provision for Bad Debts 5% , Ascertain the amount of Provision______.

A

1900

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B

800

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C

850

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D

950

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Solution

The correct option is D 950
Solution to the given problem is as under:

Sundry Debtors Rs.20000
Less: Further Bad Debts Rs. 1000
-----------------
Net Debtors Rs.19000

Provision for Bad Debts @ 5% on Rs.19000 Rs.950.

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