15:12 ill LTE Back Ramsey Nana Kwame Okyere-A... Developed By George Quartey (C.A. Ghana), MSc. Finance Phone: 0244044324 BAD AND DOUBTFUL DEBTS This lecture notes was designed by George Quartey and tailored for FIRST NAME>> < >, with UPSA ID < > 14 Exercise 1 (a) Balance on Prov. For Bad Provision Language Debts as at Charge to PFBD Expense Accts Charge to PFBD No Balon Prov For Bad Debts Longer as at 31/12/2002 1/1/2002 Required Accts 200,000 Increase Prov by 800,000 100,000 Increase Prov. to 500,000 680,000 Reduce Prov, to $400,000 380,000 620,000 460,000 480,000 300,000 300,000 900,000 1,400,000 500,000 Increase Prov. to 900,000 900,000 920,000 200,000 420,000 (b) Ramsey Nana Kwame Okyere-Addison, the debtors balance of CCB Lid as at 31/12/95 was e36,000,000. It was decided that a specific provision of 6,000,000 and a general provision of 10% be made on outstanding debtors. Calculate the provision for bad debts charged for the year (c) The debtors balance of CCB Ltd as at 31/12/95 was 42,000,000. It was decided that a specific provision of 64,000,000 and a general provision of 15% be made on outstanding debtors, the balance on the provision for bad debts accounts on 1/1/95 was $5,000,000. Developed By George Quartey (C.A. Ghana),MSc. Finance Phone: 0244044324 BAD AND DOUBTFUL DEBTS This lecture notes was designed by George Quartey and tailored for < < Calculate the provision for bad debts charged for the year 15 (d) The debtors balance of CCB Ltd as at 31/12/95 was e80,000,000. It was decided that a specific provision of e6,000,000 and a general provision of 10% be made on outstanding debtors. The balance on the provision for bad debts accounts on 1/1/95 was 15,000,000. Calculate the provision for bad debts charged for the year (e) Ramsey Nana Kwame Okyere-Addison, the debtors balance of CCB Ltd as at 31/12/95 was 120,000,000. It was decided that a bad debt of 10,000,000 be written off, a specific provision of made on outstanding