In a new business during the year ended 31 December 2013 the following debts are found to be bad, and are written off on the dates shown On 31 December 2013 the schedule of remaining accounts receivable totalling 15,000 is examined and it is decided to make an allowance for doubtful debts of 500 Yo...

Based on the information provided lets create the necessary accounts and entries to represent the ba ...

In a new business during the year ended 31 December 2013 the following debts are found to

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In a new business during the year ended 31 December 2013 the following debts are found to be bad, and are written-off on the dates shown:

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On 31 December 2013 the schedule of remaining accounts receivable totalling £15,000 is examined and it is decided to make an allowance for doubtful debts of £500. You are required to show:

(a) The Bad Debts Account, and the Allowance for Doubtful Debts Account.

(b) The charge to the Income Statement.

(c) The relevant extracts from the Statement of Financial Position as at 31 December 2013.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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In a new business during the year ended 31 December 2013 the following debts are found to

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31 May 30 September 30 November S. Gill & Son H. Black Ltd A. Thom 600 400 200

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Frank Woods Business Accounting

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