At the year end the following debts, out of a total debt figure of 45,680, are found
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At the year end the following debts, out of a total debt figure of £45,680, are found to be bad:
• David £450
• Alex £650
• Sand £240 but 10p in the pound payable.
It is also estimated that a further provision for bad debts of 4% of debtors is required.
Show the amount of bad debts to be written-off, the provision for bad debts and the balance for debtors to be shown in the balance sheet of the business.
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