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Create a op.laedger of the debtors

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Reference no: EM13867075

Question no 1)
Debtors Balannce as on 31-03-2015 Rs-65000.00
A bad debt of Rs-10% consider by the managemt on the financial date of closing
A debtors of Rs-10000.00 who is only will to Pay 40% of his total Dues
Management also decided to Created a provision on Doubtful Debts @10% on total Debtors.
Create a Op.Laedger of the Debtors & Passed the necessary Journal Entries.
Question no 2)
Op.Balance as on 01-04-2015 in Fixed assets ledger 50000.00
A Fixed Assets Of Rs-20000.00 Purchased on 01-04-2015 & Freight of Rs-3000.00 incurred
Company Follow Reducing Depreciation Method @10% as on the date of 30-03-2016 The Company
Further Purchase a Fixed assets of Rs-15000.00 ( A cenvat Credit taken of Rs-1500.00)
Prepare the necssary Journal Entry & create Depreciation Ledger on 31-03-2016

Reference no: EM13867075

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