In a new business during the year ended 31 December 20X8 the following debts are found to

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In a new business during the year ended 31 December 20X8 the following debts are found to be bad, and are written off on the dates shown: image text in transcribed

On 31 December 20X8 the schedule of remaining debtors, amounting in total to £6,850, is examined, and it is decided to make a provision for doubtful debts of £220. You are required to show:

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

(b) The charge to the Profit and Loss Account.

(c) The relevant extracts from the Balance Sheet as at 31 December 20X8.

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Frank Woods Business Accounting

ISBN: 9780273655527

9th Edition

Authors: Frank Wood, Alan Sangster

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