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Q. |
Provision for Doubtful Debt on 1st April, 2018 was `21,500. During the year 2018 – 19 the Bad-debt and Recovery of Bad-debt were ` 10,500 and ` 2,100 respectively. The Sundry Debtors on 31st March, 2019 were `2,25,000. Provision is to be made @ 5% on Debtors. If on 31st March, 2019, there was additional Bad-debt of ` 2,500 then Provision for doubtful-debt will be |
A. | debited to Profit & Loss Account by `11,250. |
B. | debited to Profit & Loss Account by `2,625. |
C. | debited to Profit & Loss Account by `3,000. |
D. | debited to Profit & Loss Account by `900. |
Answer» B. debited to Profit & Loss Account by `2,625. |
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Financial Accounting