Answer Posted / akhtarzeb

treatement of Bad debts following is the example
Suppose Account Receivabel is 2000
at the of the year it has been estimated that 500 is bad
detdts
so it wil be calculate as
Account receivable-Bad debts
Bad dets Dr 500
Account Receivable Cr 500
it will be deducted from Account Receivable

Treatement of Provision or reserve for bad debts

Profits and lOSS a/c Dr
Reserve for bad debts Cr

Note Reserve for bad debts will be calculate from Profit
therefore profit and loss a/c will be debited

please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).

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