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1-3months >3mnths-6months >6months-12months >12moonths Total FAN LTD 80,000.00 4,000.00 6,000.00 10,000.00 100,000.00 SAN LTD 50,000.00 30,000.00 80,000.00 LDI LTD 40,000.00 50,000.00 50,000.00 15,000.00 155,000.00 WAM
| 1-3months | >3mnths-6months | >6months-12months | >12moonths | Total | |
| FAN LTD | 80,000.00 | 4,000.00 | 6,000.00 | 10,000.00 | 100,000.00 |
| SAN LTD | 50,000.00 | 30,000.00 | 80,000.00 | ||
| LDI LTD | 40,000.00 | 50,000.00 | 50,000.00 | 15,000.00 | 155,000.00 |
| WAM LTD | 50,000.00 | 60,000.00 | 20,000.00 | 130,000.00 | |
| TOM LTD | 6,000.00 | 20,000.00 | 15,000.00 | 41,000.00 | |
| DAT LTD | 60,000.00 | 40,000.00 | 12,000.00 | 112,000.00 | |
| ONI LTD | 60,000.00 | 14,000.00 | 50,000.00 | 15,000.00 | 139,000.00 |
| Total | 346,000.00 | 168,000.00 | 156,000.00 | 87,000.00 | 757,000.00 |
| Bad debts to be written off | |||||
| 1-3months | >3mnths-6months | >6months-12months | >12moonths | ||
| SAN LTD | 2,000.00 | 2,000.00 | |||
| WAM LTD | 5,000.00 | 3,000.00 | 8,000.00 | ||
| DAT LTD | 1,000.00 | 4,000.00 | 5,000.00 | ||
| Total | 1,000.00 | 5,000.00 | 2,000.00 | 7,000.00 | 15,000.00 |
| Specific Provisions to be made | |||||
| 1-3months | >3mnths-6months | >6months-12months | >12moonths | ||
| TOM LTD | 3,000.00 | 3,000.00 | |||
| ONI LTD | 2,000.00 | 3,000.00 | 5,000.00 | ||
| Total | 2,000.00 | - | - | 6,000.00 | 8,000.00 |
| Prepare Debtors Age Analysis for the year ended 31-December 2017 | |||||
The balance on Provision for Bad debt account at the beginning of the year was 60000.
A general provision of 20% should be made on all outstanding debts.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
16th Edition
78110939, 978-0078110931
