Trial balance of a business as on March 31, 2009 showed Sundry Debtors 70,000 and Bad
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Trial balance of a business as on March 31, 2009 showed Sundry Debtors ₹ 70,000 and Bad Debts ₹ 2,000. The business wishes to maintain a provision for doubtful debts @ 5% for the next year.
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Here bad debts is appearing in the trial balance that implies that the entry for bad debts has ...View the full answer
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