The debtors as per books on 31st March amounted to Rs. 60,000. A person who owes the business Rs. 12….

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The debtors as per books on 31^st March amounted to Rs. 60,000. A person who owes the business Rs. 12,000 is also a creditor for Rs. 10,000. There were bad debts of Rs. 2,000. The owners decided to make provision for doubtful debts at 5% and provision for discount at 2%. The net amount of debtors to be shown in the balance sheet is

Options :-

1. Rs. 45,600
2. Rs. 42,826
3. Rs. 53,998
4. Rs. 44,688

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