[CBSE] Q. 50 Solution of Admission of Partner TS Grewal Accounts Class 12 (2023-24)

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Solution to Question number 50 of the Admission of Partner chapter 5 of TS Grewal Book 2023-24 Edition CBSE Board?

Om and Shiv are partners ina firm sharing profits equally.

LiabilitiesAssets
Debtors 1,50,000
Less: Provision for 15,000
Doubtful Debts
1,35,000

An amount of ₹ 12,000 due from Mohan, a debtor, is to be written off as no longer receivable, Provision for Doubtful Debts on remaining debtors is to eb maintained at the current rate.

What amount of Provision for Doubtful Debts should be credited to maintain its current rate?

[Ans.: ₹ 10,800.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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