Debtors as appearing in Trial Balance are f $25,000$. Provision for doubtful debts is to be provided @ $5\%$ and $2\%$ of amount is to be provided for discount. What is the amount of debtors to be shown in balance sheet?
The provision for discount on debtors is often provided in keeping with the concept of _______________.
The net' profit of a sole proprietorship firm is f$1,320$(before commission). The manager of the firm gets$10/%$ commission on the net profit after charging such commission. Manager's commission would be ___________.
If Capital = $70,000$; Liability = $40,000$.
T Ltd. has issued 14% debentures of Rs.20,00,000 at a discount of 10% in April, 2013 and the company pays interest half yearly on June 30, and December 31, every year. On March 31, 2014 the amount shown as interest accrued but not due in the balance sheet will be________.
X limited is in the business of trading. It is to received Rs.$7,000$ from Vinod and to pay Rs.$8,000$ to Vinod. Similarly, it is to pay Rs.$8,000$ to Sudhir and to receive Rs.$9,000$ from Sudhir. Except above but after all the adjustment, the books of X Limited show the debtors balance at Rs.$72,000$ (Dr.) and creditors balance at Rs.$39,000(Cr.)$. The correct value of debtors and creditors to be shown in balance sheet would be___________.
Creating Reserve for Discount on Creditors is an example of __________.
Net profit before charging commission to General & Sales manager Rs. 1,65.920 The General Manager is entitled to commission of 10% on net profit after charging such commission and commission of sales manager.
The Sales Manager is entitled to commission of 5% on net profit after charging such commission and commission of General Manager.
Commission payable to General Manager.
Making Provision for Discount on Debtors is an example of __________.
Sundry Debtors on $31^{st}$ March $2006$ are Rs. $55,200$ Further Bad debts are Rs. $200$:
Provision for doubtful debts are to be made on debtors $@ 5\%$ and also provision of discount on debtors $@ 2\%$ the amount of provision of discount on debtors will be __________.