Glad Thomson provides the following information for the year ended 31 October 20*8. She maintains a provision
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Glad Thomson provides the following information for the year ended 31 October 20*8. She maintains a provision for doubtful debts of 5%, based on outstanding debtors at the end of each financial year.
Bad debts not yet written off at 31 October 20*8
During the year £246 was received from Broadbent. This amount had been written off as a bad debt three years ago.
Required
Prepare:
a) A bad debts account
b) Provision for doubtful debts account
c) Broadbent’s account
d) A bad debt recovered account
e) aA profit and loss account extract for the year ended 31 October 20*8.
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