At 30 June 20*8 Kingsley has debtors amounting to 68,000. He wishes to make a provision for
Question:
At 30 June 20*8 Kingsley has debtors amounting to £68,000. He wishes to make a provision for doubtful debts of 5%.
Required
a) Calculate the provision for doubtful debts.
b) Prepare a balance sheet extract to show how the provision is treated.
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Step by Step Answer:
To calculate the provision for doubtful debts you need to multiply the debtors amount by the percent...View the full answer
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