Question - 03

Following is the Trial balance as on 31st Dec., 2000.
Bad Debts (Dr.) Rs. 400
Provision for Doubtful Debts (Cr.) Rs. 1,600
Sundry Debtors (Dr.) Rs. 20,000
Adjestment : Create the provision for Doubtful Debts of 5% on Debtors.
Show the mecessary ledger accounts and effects on final accout of above items.