A business which prepares its financial statements annually to 31 December suffered bad debts which were written
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A business which prepares its financial statements annually to 31 December suffered bad debts which were written off:
The business had a balance of £300 on the provision for doubtful debts account on 1 January 2007.
At the end of each year, the business considered which of its debtors appeared doubtful and carried forward a provision:
Show the entries in the profit and loss account and prepare the provision for doubtful debts account for each of the three years.
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