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Jo trail balance m h uska mean ye h ki uski posting aak bar ho chuki h. Mtlb aab ya tho uski posting p&l mai hogi ya fir balance sheet m. But agr socha jaye tho Jo p&l ka ultimate balance h vo balance sheet m hi jata h tho usko hum balance sheet m show krenge. And Jo adjustment m given h uski dono jgh posting hogi
Provision for discount on debtors given in trial balance:- It has only one impact means deduct it from debtor in balance sheet. And Provision for discount on debtors given in adjustment:- it has two impact. 1) Debit side of P&L and 2) Deduct from debtor in balance sheet.
Russell Aravinth
Old provision for discount on debtors and new also come what effect
Old provision means provision given in trial balance and new provision which required is given in adjustment. Effect of these I already explained.
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