The following are the extracts from the trial balance.
Sundry debtors Rs. 30,000; Bad debts Rs. 5,000 Additional information:
(a) Write off further bad debts Rs. 3,000.
(b) Create 10% provision for bad and doubtful debts.
You are required to pass necessary adjusting entries and show how these items will appear in profit and loss account and balance sheet.
