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