Solution-Create a op.laedger of the debtors

Create a op.laedger of the debtors

Assignment Help Finance Basics

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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Create a op.laedger of the debtors

Reference no: EM13867075

Reference no: EM13867075

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