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?

  1. Rs. 4,800
  2. Rs. 2,400
  3. Rs. 1,200
  4. Rs. 800
Anurag Mishra Professor Asked on 28th November 2015 in Maths.
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  • 2 Answer(s)

    Answer is (4) Rs.800

    Monis Rasool Professor Answered on 29th November 2015.
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    Answer: (4) Rs. 800

    Anurag Mishra Professor Answered on 29th November 2015.
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