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Question 16 Chapter No 16 – Class 11 Unimax
The following figures extracted from the Trial Balance of XYZ ltd. As on 31.3.2020.
| Extracts of Trial Balance as at 31.3.2020 | ||
| Particulars | Debit | Credit |
| Debtors | 96,000 | |
| Bad debtors | 6,000 | |
Adjustments: Further bad debts ₹ 4,000. You are required to pass adjusting entry and show how these will appear in the final account.
The solution of Question 16 Chapter No 16 – Class 11 Unimax
| Journal | ||||||
| Date | Particulars | L.F. | Debit | Credit | ||
| 31.3.2020 | Bad debts A/c | Dr. | 4,000 | |||
| To Debtors A/c | 4,000 | |||||
| (Being further bad debts written off) | ||||||
| Profit & Loss A/c for the year ended 31st March,2020 | |||||
| Particulars | Amount | Particulars | Amount | ||
| To bad debt | 6,000 | ||||
| Add: additional bad debts | 4,000 | 10,000 | |||
| Balance Sheet As at 31st March, 2020 | |||||
| Liabilities | Amount | Assets | Amount | ||
| Debtors | 96,000 | ||||
| Less: Additional Bad debts | 4,000 | 92,000 | |||
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