Lecture-13- Financial Statements with Adjustments (Part-2)

[@nilesh8481]

Adjustment
1.Bad Debt: loss -expense -Debit(loan-bad debt)/liabilities(sundry debtor-bad debt)
2.Interest on Capital/loan -expense- debit/liabilities(share capital + int)
3.Int on Drawing(Fund taken by owner by personal use)-COI- Credit/liabilities(Drwaing + interest)
4.Provision for doubtful debt:-loss --credit(+provision)/assets(debtor-bad debt provision)
5.Provision Discount on debtor: Debit(-loss)/assets(debtor-loss)

[@hbctrading6427]

Thanks Sir!!