In the Balance Sheet Total Debtors appear at Rs. 50,000 and Provision for Doubtful Debts appear at Rs. 1,500. How much amount will be realised from Debtors, if bad debts amount to Rs. 10,000 and remaining debtors are realised at a discount of 5%. Post category:Accountancy Reading time:1 mins read SOLUTION Rs. 38,000 Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIf total assets are Rs. 2,00,000; total liabilities are Rs. 40,000; amount realised on sale of assets is Rs. 1,75,000 and realisation expenses are Rs. 3,000, what will be the profit or loss on realisation? Next PostThere was a contingent liability for B/R received from Ashok for Rs. 20,000 and discounted with the bank. Ashok became insolvent and 75 paise in a rupee were received from his estate. How much amount will be debited/credited to Realisation Account? You Might Also Like What is meant by ‘Gaining Ratio’ on retirement of a partner? (C.B.S.E. 2019) October 8, 2022 Would a ‘charitable dispensary’ run by 8 members be deemed a partnership firm? Give reason in support of your answer. September 26, 2022 What entry may be passed when debentures are issued as Collateral Security? September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Would a ‘charitable dispensary’ run by 8 members be deemed a partnership firm? Give reason in support of your answer. September 26, 2022
