Following information are extracted from books of Mr XYZ-13092
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>Bad Debts (Given in trial balance)</td><td>500</td></tr><tr><td>Old provisions (Given in trial balance)</td><td>700</td></tr><tr><td>Sundry Debtors (Given in trial balance)</td><td>44,800</td></tr></tbody></table><br>If the Provision for doubtful debts has been increased by 5%, which amount of new provision will be shown in Profit Loss Account?
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.10.
Following information are extracted from books of Mr. XYZ
If the Provision for doubtful debts has been increased by 5%, which amount of new provision will be shown in Profit Loss Account?
Particulars | Rs. |
Bad Debts (Given in trial balance) | 500 |
Old provisions (Given in trial balance) | 700 |
Sundry Debtors (Given in trial balance) | 44,800 |
If the Provision for doubtful debts has been increased by 5%, which amount of new provision will be shown in Profit Loss Account?
Rs. 2,240
Rs. 2,425
Rs. 1,925
Rs. 3,025