Question
7.Bender Ltd uses the allowance method of accounting for bad and doubtful debts. Their accounts show: Allowance for doubtful debts 1 July 2023 $21 600
7.Bender Ltd uses the allowance method of accounting for bad and doubtful debts. Their accounts show:
Allowance for doubtful debts 1 July 2023 $21 600 Allowance for doubtful debts 30 June 2024 18 000 Bad & doubtful debts expense for the year 4 000
The amount of bad debts actually written off during the year is:
Group of answer choices
1.$7 600
2.$21 600
3.$4 000
4.$18 000
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Petroleum Accounting: Principles, Procedures; And Issues
Authors: Dennis Jennings, John Brady, Rich Shappard, Craig Friou
8th Edition
0940966328, 978-0940966321
