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     EduGorilla 
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    The debtors as per books on 31st 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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Reply To: 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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