The following information is extracted from the Trial Balance of M/s Nisha Traders on 31 March 2017.   (5 mareks)

Sundry Debtors   80,500

Bad Debts     1,000

Provision for Bad Debts  5,000

 Additional Information

Bad Debts Rs 500

Provision is to be maintained at 2% of Debtors

Prepare bad debts account, Provision for bad debts account and profit and loss account.