Homework Answers
Answer
a.
| Allowance for Bad Debts account | |||
| Dr. | Cr. | ||
| Particulars | Amount | Particulars | Amount |
| Debtors | 65,700 | Balance B/f | 25,160 |
| Balance C/f | 30,440 | Bad debts | 70,980 |
| 96,140 | 96,140 | ||
| Amount of bad debts recognised during the year is $ 70,980. | |||
b. After above transactions, journal entry will be:
| Particulars | Dr. | Cr. |
| Bad Debts | 31,160 | |
| Provision for bad debts | 31,160 | |
| (To book additional provision) | ||
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