Trial Balance of Manish gives the following information: Debtors ₹ 2,50,000 Bad Debts ₹ 2,500 Discount Allowed ₹ 4,500
Trial Balance of Manish gives the following information:
Provision for Doubtful Debts is to be @ 10% on debtors and a Provision for Discount @ 2% on debtors. Show how the adjustment will be shown in the Final Accounts.
| Heads of Accounts | Dr. (₹) | Cr. (₹) |
| Debtors | 2,50,000 | — |
| Bad Debts | 2,500 | — |
| Discount Allowed | 4,500 | — |
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