Question
A company’s financial details as of 31.03.2023 are
as follows: • Additional bad debts during the year = ₹ 15,000 •The company follows a policy of keeping a provision of 8% on outstanding trade receivables. What will be the total impact on the Profit and Loss Account?Solution
Calculation: 1. Total Bad Debts: oExisting bad debts = ₹ 5,000 oAdditional bad debts = ₹ 15,000 oTotal bad debts = ₹ 20,000 2. Provision Calculation: oNet trade receivables after bad debts = ₹ 2,80,000 - ₹ 20,000 = ₹ 2,60,000 oNew provision (8% of ₹ 2,60,000) = ₹ 20,800 oOld provision = ₹ 12,000 oIncrease in provision = ₹ 20,800 - ₹ 12,000 = ₹ 8,800 3. Total impact on P&L: oTotal bad debts (₹ 20,000) + Increase in provision (₹ 8,800) = ₹ 21,000
Digital computer deals with ____?
TCP/IP is necessary if one is to connect to the
Which of the following short cut key(s) is used to select current column completely?
Stacks operates on the principle of
To delete the selected item permanently, which of the following shortcut key combination should be used?
What does B stands for in ADB in relation to one of the operating systems?
Which of the following components is responsible for temporarily storing data and instructions directly accessible to the CPU?
What is the purpose of an SSL certificate on a website?
Booting is a process to
DSL stands for
Relevant for Exams:
