The receivables ledger of Caraway plc included the following balances: Total Receivables Ledger balances 89,600 Bad debts
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The receivables ledger of Caraway plc included the following balances:
Total Receivables Ledger balances £89,600 Bad debts included within that total £2,700 Doubtful debts identified at the end of the year £6,200 There was also an opening provision for doubtful debts of £4,700.
Show the entries relevant to trade receivables that would appear in the company’s income statement and statement of financial position.
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Related Book For
Accounting And Finance For Business
ISBN: 9780273773948
1st Edition
Authors: Geoff Black, Mahmoud Al-Kilani
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