In a new business during the year ended 31 December 19X8 the following debts are found to be bad, and are written off on the dates shown On 31 December 19X8 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 Y...

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In a new business during the year ended 31 December 19X8 the following debts are found to

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In a new business during the year ended 31 December 19X8 the following debts are found to be bad, and are written off on the dates shown:

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On 31 December 19X8 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 19X8.

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ISE Business Accounting Volume 1

ISBN: 9780273638391

8th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: May 24, 2024 02:03 AM

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In a new business during the year ended 31 December 19X8 the following debts are found to

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30 April 31 August 31 October H Gordon 110 D Bellamy Ltd 64 J Alderton 12

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ISE Business Accounting Volume 1

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