Following information are extracted from books of Mr XYZ-13052
Following information are extracted from books of Mr. XYZ<table border='1' cellpadding='1' cellspacing='1' style='width:100%'><tbody><tr><td>Particulars</td><td>Rs.</td></tr><tr><td>Closing value of stock</td><td>40,000</td></tr><tr><td>Bad Debts (Given in trial balance)</td><td>500</td></tr><tr><td>Old provisions (Given in trial balance)</td><td>800</td></tr><tr><td>Sundry Debtors (Given in trial balance)</td><td>44,500</td></tr><tr><td>Provision for doubtful debts @ 5%</td><td></td></tr><tr><td>Which amount of new provision will be deducted from Sundry Debtors</td><td>?</td></tr></tbody></table>
This multiple choice question (MCQ) is related to the book/course vu mgt101 Financial Accounting. It can also be found in vu mgt101 Final Term - Quiz No.6.
Following information are extracted from books of Mr. XYZ
Particulars | Rs. |
Closing value of stock | 40,000 |
Bad Debts (Given in trial balance) | 500 |
Old provisions (Given in trial balance) | 800 |
Sundry Debtors (Given in trial balance) | 44,500 |
Provision for doubtful debts @ 5% | |
Which amount of new provision will be deducted from Sundry Debtors | ? |
Rs. 2,225
Rs. 2,525
Rs. 1,925
Rs. 3,025