A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.

1962

Is server a software or hardware?

877

What are the primary differences between the jsp custom tags and java beans?

832

Give some examples of usage of BW statistics reports?

2027

How long does scanning and repairing a drive take?

901

How to create mailchimp or vertical response campaign for newsletter subscribers & link with WordPress ?

220

Does windows xp support google chrome?

751

How do I clear my spark cache?

255

How do you create the project img?

978

What is a class definition in python?

801

what should we speak about itself ?

2104

What is translate tables?

623

What are the data integrator transforms?

824

how to write frame work Architecture in QTP

1871

What is the VOR in primates?

1926