Accounting · Final Accounts
Consider the following data: Old provision for bad and doubtful debts = ₹2,000; Sundry Debtors = ₹25,000. If a fresh provision for bad and doubtful debts is required at 10% on sundry debtors, what is the amount of additional provision to be debited to the Profit and Loss Account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹500✓
- 2₹1,000
- 3₹1,500
- 4₹2,000
Correct answer
₹500
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