Provision for dicey obligations

Assignment Help Accounting Basics

Reference no: EM13904083

The accompanying is trial parity separated from the books of X as on 31 March 2009:

Debit Amount Rs.

Credit Amount Rs.

Capital Account

1,00,000

Plant and Machinery

78,000

Furniture

2,000

Purchases and Sales

60,000

1,27,000

Returns

1,000

750

Opening stock

30,000

Discount

425

800

Sundry Debtors/Creditors

45,000

25,000

Salaries

7,550

Manufacturing wages

10,000

Carriage outwards

1,200

Provision for doubtful debts

525

Rent, rates and taxes

10,000

Reference no: EM13904083

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