Q. From the following details find out the amount to be debited to Profit and Loss A/c as fresh provision for doubtful debts during 2012-13 Debtors ` 30,000 as on 31.03.2013; Bad debt during the year ` 1,500; Provision for bad debts as on 01.04.2012 ` 2,000; Provision for doubtful debts to be kept at 5% of total debtors (Solved)
1. 1,500 ;
2. 1,000 ;
3. 3,000 ;
4. 2,000
- b. 1,000 ;