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Give journal entry 1)Outstanding wages will …

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Give journal entry 1)Outstanding wages will be paid 2000 2) Debtors 4500 will be written off and provision for doubtful debts will me maintained at 5 percentage on debtors.

Posted by Raiffel Dias 6 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Aman Garg 6 years, 3 months ago

of o/s wages are paid then entry will be o/wages.dr to casha/c.And for 2) first less 4500 from debtors then and then calculate 5%of remaining debtors and entry will be revaluation dr to p.b.d

Vatsal Dave 6 years, 3 months ago

1) Outstanding wages A/c Dr 2000 To revaluation A/c 2000 Since liability is decreased.. 2)A) Debtors A/c Dr.4500 To Revaluation A/c 4500 B). Revaluation A/c Dr.225 To prov. For D/D A/c225. Since asset is increasing and 5 percent is maintained as provision for doubtful debs..

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