Home
Class 11
ACCOUNTS
Rahul’s trial balance provide you the fo...

Rahul’s trial balance provide you the following information :

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 :

A

Rs. 5,00 (Debit)

B

Rs. 3,000 (Debit)

C

Rs. 1,000 (Credit)

D

none of these

Text Solution

Verified by Experts

The correct Answer is:
A, C, D
N/a
Promotional Banner

Topper's Solved these Questions

  • FINANCIAL STATEMENTS - II

    NCERT|Exercise NUMERICAL QUESTIONS|15 Videos

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise TEST YOUR UNDERSTANDING-II|4 Videos

  • INTRODUCTION TO ACCOUNTING

    NCERT|Exercise All Questions|35 Videos

Similar Questions

Explore conceptually related problems

The following balances appeared in the trial balance of M/s Kapil Traders as on March 31, 2017 The partners of the firm agreed to records the following adjustments in the books of the Firm: Further bad debts Rs.300. Maintain provision for bad debts 10%. Show the following adjustments in the bad debts account, provision account, debtors account, profit and loss account and balance sheet.