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in Final Accounts of Sole Proprietors – II by (48.4k points)
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The following are the extracts from the trial balance.

Additional information:

(a) Additional bas debts Rs. = 3,000.

(b) Keep a provisional for bad and doubtful debts @ 10% on sundry debtors.

You are required to pass necessary adjusting entries and show how these items will appear in profit and loss account and balance sheet.

1 Answer

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Best answer

Adjusting Entries

Profit and Loss Account

Balance Sheet 

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