Beruflich Dokumente
Kultur Dokumente
Hello: 0345-2419117
Bad Debts
According to Records
Calculation
According to
Income Statement
Rate of
Debit
Credit
Written off
Balance C/F
Accounting
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.
Rs. 12000
Balance B/F
Rs. 12000
Rs. 5000
Debit
Credit
Written off
Balance C/F
Rs.
Balance B/F
Rs .
Rs.
1.
2.
3.
4.
5.
6.
7.
8.
Accounting
Hello: 0345-2419117
Required:
Pass general journal entries including Adjusting & Closing entries.
Date
Particular
P/
R
Accounting
Debit
Credit
Accounts Receivable
Rs.
Hello: 0345-2419117
1
Cash
350000
Sales Revenue
Rs.
Rs.
To close all assets accounts
250000
600000
Sales Return & Allowance
Accounts Receivable
2
To close all liabilities & contra accounts
Rs.
Rs.
Sales Discount
50000
50000
Accounts Receivable
3
To record Purchase consideration
Rs.
Rs.
Allowance for Bad Debts
4
50000
50000
Accounts Receivable
To record
Cash
5
Rs.
Rs.
Accounts Receivable
30000
30000
To record
.
6(a)
Accounts Receivable
Rs.
Rs.
Allowance for Bad Debts
300000
300000
To record
6(b)
.
Cash
Rs.
Rs.
Accounts Receivable
7(a)
30000
30000
To record
.
Accounts Receivable
7(b)
Rs.
Rs.
Retained Earning
30000
30000
To record
.
8
Cash
Rs. xxxx
Rs. xxxx
Accounts Receivable
To record
9
.
Rs. xxxx
Rs. xxxx
Cash
Accounts Receivable
10
To record
Rs.
Rs.
.
25000
25000
Cash
11
Accounts Receivable
To record
Rs. 5000 Rs. 5000
.
Promissory Notes Payable
Accounts Payable
Rs.
Rs.
To record
10000
10000
.
Bad Debts Expense
Adamjee Coaching Centre
Allowance for Bad Debts
1st Floor, Sami Chamber Opp. D.M.C. (Campus VIII), M.A Jinnah Road, Karachi. Tel: 021-3 2218260,
Rs. xxxx
Rs. xxxx
To
record
32637820
.