Tariq owed 650 to the Canberra Carpet Company. Despite many reminders and phone calls, Tariq refused to

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Tariq owed £650 to the Canberra Carpet Company. Despite many reminders and phone calls, Tariq refused to pay. The company has now heard that Tariq has left the area with no forwarding address and with many other unpaid bills. The company has reluctantly decided to write off the debt at 31 December 2014. Total trade receivables at that date (before writing off Tariq’s debt), amounted to £6,950.

Show the relevant extracts from the financial summaries of the Canberra Carpet Company.

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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