ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Following is the Trial Balance of a firm as on

    31-12-2022: The additional bad debts during the year are 2,00,000. The firm has a policy of maintaining a provision for doubtful debts equal to 10% of the trade receivables' balances. The total amount to be charged to Profit and Loss A/c (for the year ending 31-12-2022) for bad debts written off and provision created will be
    A тВ╣ 2,50,000 Correct Answer Incorrect Answer
    B тВ╣ 1,30,000 Correct Answer Incorrect Answer
    C тВ╣ 90,000 Correct Answer Incorrect Answer
    D тВ╣ 3,30,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is D

    Practice Next
    More Previous Year Paper Questions

    Relevant for Exams:

    ask-question