Rs. 100 000 should be written off from debtors and allowance for doubtful debt on 2021.12.31 shouldbe adjusted as 10% of closing trade receivable
Question
Rs. 100 000 should be written off from debtors and allowance for doubtful debt on 2021.12.31 shouldbe adjusted as 10% of closing trade receivable
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Solution 1
Sure, here are the steps to write off Rs. 100,000 from debtors and adjust the allowance for doubtful debt:
- Write off Rs. 100,000 from Debtors: This means that you are removing Rs. 100,000 from the total amount of money owed to you by your debtors. You will debit the allowance for doubtful debts Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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