Question - 06

On 1st January, 2000 provision for discount on Debtors A/c showed a balance of Rs. 600 during the year discount allowed to Debtors Rs. 650 on 31st Dec., 2000 toal debtors were Rs. 8,000 on which provision for Doubtful debts at 5% and provision for discount on Debtors at 2% is to be created.
Prepare provision for Doubtful debts A/c and provision for discount on Debtors A/c.