Question 3 Chapter 12 – Class 11 Unimax

Question 3 Chapter 12 – Class 11 Unimax


Question 3 Chapter 12 – Class 11 Unimax

The following information is extracted from the Trial Balance of M/s. Nisha Trader on 31st Dec. 2019:

Sundry debtors 80,500
Provision for Bad Debts 5,000
Bad debts 1,000
Additional information;  
Bad debts 500

Provision for Bad debts is to be maintained at 2% on debtors.

Prepare bad debts account, provision for Bad debts account, and profit and loss account.

The solution of Question 3 Chapter 12 – Class 11 Unimax

DrProfit & Loss A/c
  To Provision for doubtful debts A/c1,900
Dr Bad debts A/c  Cr
2019   2019   
Dec.31To Balance b/d 1,000Dec.31By provision for doubtful debts A/c 1,500
Dec.31To Sundry Debtors A/c 500    
   1,500   1,500
Dr Provision for doubtful debts A/c  Cr
2019   2019   
Dec.31To Bad debts A/c 1,500Jan.1By Balance b/d 5,000
Dec.31To P&L A/c 1,900    
Dec.31To Balance c/d 1,600    
   5,000   5,000
    Jan.1By Balance b/d 1,600

Working Note:

Net amount chargeable to P & L a/c 
Old provision5,000
Less: Bad debts1,000
Less: further bad debts500
Less: new provision1,600


End of Solution

Check Out the Solution of all questions for this chapter:

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2. Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.


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