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In this question TR are given before deducting BD ...and BD is 2% of closing amt... Thus the value or BD will be 225,000÷98×2 right

Rifhat Khan

CA Inter

★ 28K+

29-Apr-23 01:15

309

Answers (3)

First of all you are required to create trade receivable account in order to obtain correct value of closing. Now after deriving correct closing value of trade receivable you are required to do so as 2% of that

Paras Doshi

CA Inter

★ 3K+

29-Apr-23 02:57

Bad debts =2,25,000 into 2% because it is clearly mentioned that before deducting bad debts Simple cross multiplication will give you your answer 100% - 2,25,000 2% - (?)

Paras Doshi

CA Inter

★ 3K+

29-Apr-23 03:09

Paras Doshi

Bad debts =2,25,000 into 2% because it is clearly mentioned that before deducting bad debts Simple cross multiplication will give you your answer 100% - 2,25,000 2% - (?)

Ohk

Thread Starter

Rifhat Khan

CA Inter

★ 28K+

29-Apr-23 15:41

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