A business house keeps up procurement of 5% against terrible obligations and 3% for rebate on account holders and a store for markdown on leasers at 2%. On first April, 2009 it had the accompanying offsets:
Procurement for Bad and Doubtful Debts ... Rs. 5,000
Procurement for Discount on Debtors ... Rs. 2,850
Procurement for Discount on Creditors ... Rs. 4,800
Amid the year 2009-10, terrible obligations, rebate permitted to account holders and markdown got from leasers added up to Rs. 3,950, Rs. 8,800 and Rs. 9,840 individually while for 2010-11 they added up to Rs. 1,800, Rs. 7,000 also, Rs. 6,800 separately. Sundry Debtors were Rs. 1,20,000 on March 31, 2010 and Rs. 80,000 on March 31, 2011. Sundry Creditors on these two dates were Rs. 2,10,000 and Rs. 1,95,000 individually.
Show procurement for terrible obligations record, procurement for rebate on indebted individuals record and store for markdown on loan bosses account alongside significant parts of benefit and misfortune account.