Quote:
Originally Posted by mhz99
New provision should be 2320 because question asks to increase provision by 1000
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Calculation of new provision:
old provision- Bad debts= Excess old provision (1320 -613= 707)
Excess old provision + Provision increase by = new provision (707+1000+1707)
Quote:
Ammara Khan88 I am unable to solve the following questions from Profit and loss accounts, if anyone can, come forward please.
Q. 5
Paper, 2002
Q.5
Paper, 2003
Q.6
Paper, 2010
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I also have problem in these questions. Though my balance sheet is equal of Question of 2003 and 2010 but I know their are mistakes in treatment of items.
