What is the Amount to be Shown on the Credit Side of P/L A/c?
The following information is disclosed by ‘A’:
Provision for doubtful debts as on 1/1/2014 6,000
Bad debts written off during the year 2014 Rs. 1,200
Total debtors as on 31/12/2014 Rs. 80,000
A provision for doubtful debts to be made @ 5%. What is the amount to be shown on the credit side of P/L A/c?
- Rs. 4,800
- Rs. 2,400
- Rs. 1,200
- Rs. 800