Om and Shiv are partners ina firm sharing profits equally.

Liabilities Assets
Debtors 1,50,000
Less: Provision for 15,000
Doubtful Debts

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?

Anurag Pathak Changed status to publish May 21, 2023