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in Final Accounts of Sole Proprietors – II by (48.4k points)
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On preparing final accounts of Suresh, bad debt account has a balance of Rs. 800 and sundry debtors account has a balance of Rs. 16,000 of which Rs. 1,200 is to be written off as further bad debts. Pass adjusting entry for bad debts. And also show how it would appear in profit and loss account and balance sheet.

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Adjusting Entry

Profit and loss Account

Balance sheet

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