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How baddebts received effects in trial balance and
balancesheet
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Answer / mudunoori
If bad debts Received, it will affect the Profit and loss
account. It wont affect balance Sheet. bad Debts will be
allowed as deduction from total income. If received in next
it will be taken in to P&L account under other income.
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The Bad Debts figure in the trial balance is 170. The following info is to be taken into account: A provision for bad debts of 5% of debtors is to be created
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