Try to fill the spaces for the next four years: To summarise: The amount needed to
Question:
Try to fill the spaces for the next four years:
To summarise:
■ The amount needed to increase the provision for doubtful debts is entered as an expense on the profit and loss account.
■ The amount needed to decrease the provision for doubtful debts is entered as an ‘income’ on the profit and loss account.
Transcribed Image Text:
End of year 6 7 00 8 9 Debtors outstanding £ 23,000 27,000 25,000 26,000 Provision Profit and loss account entry £ Balance sheet detail £
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