1under: Cash Equipments Sundry debtors Fixture & fitting Advertisement Rent 6,000 20,000 35,000 12,400 Bills reteivable 5,000 12,000 Transporting 1,200 Salary 80,000 Stock Allowance for bad debts Interest (Cr.) Capital 600 5,000 79,600 3,000 38,000 Purchases 500 Delivery expenses Sales Purchase discount 15,700 14,000 4,000 1,600 Miscellaneous expenses Adjusting Data : 1. Prepaid rent Rs, 2,000. 2. Prepaid advertisement Rs. 400. 3. Reserve for bad debts Rs. 1,000. Salary Outstanding for the year Rs. 7,000. 4. 5. Interest unearned Rs. 400. 6. Closing stock was valued at Rs. 16,450. Required : 1. Trading profit and loss account for the year ended December 31,
1under: Cash Equipments Sundry debtors Fixture & fitting Advertisement Rent 6,000 20,000 35,000 12,400 Bills reteivable 5,000 12,000 Transporting 1,200 Salary 80,000 Stock Allowance for bad debts Interest (Cr.) Capital 600 5,000 79,600 3,000 38,000 Purchases 500 Delivery expenses Sales Purchase discount 15,700 14,000 4,000 1,600 Miscellaneous expenses Adjusting Data : 1. Prepaid rent Rs, 2,000. 2. Prepaid advertisement Rs. 400. 3. Reserve for bad debts Rs. 1,000. Salary Outstanding for the year Rs. 7,000. 4. 5. Interest unearned Rs. 400. 6. Closing stock was valued at Rs. 16,450. Required : 1. Trading profit and loss account for the year ended December 31,
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 11EA: Mirror Mart uses the balance sheet aging method to account for uncollectible debt on receivables....
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