Revision worksheet

May-June – SY 2020-2021
Grade: 9 Subject: Accounting Topic: Bad debts and Provision for doubtful debts

Accounting concept: Prudence, Relevance, Matching

At 31st December 2008, the debtor figure amounted to be $10,000. It is estimated that 2% of debt will prove to
be bad debt and it is decided to make a provision for these.
Prepare necessary ledger, Income statement and statement of financial position extract.

During 31st Dec.2009 The debtor has been risen to 12,000. Prepare necessary ledger and Income statement and
statement of financial position extract.

During 31st Dec.2010 The debtor has been drops to 10,500. Prepare necessary ledger, Income statement and
statement of financial position extract.

Provision for bad and doubtful debts account

Date Particulars Amount Date Particulars Amount