9 of 11 GALITE BATMANTO WILD CATE FF! 11 Owestie 4 Below is the Debtors ageing analysis of GOMA LTD - the year ending 31/12/2018 GOMA LIMITED-DEBTORS AGE ANAYLSIS SHEET AS AT 3112 2013 2 years months More yless than Hoa 2 y 3 month th Debtors GHC GHC GHC GHC GHC 38.000 14.000 6,000 10.000 NNM LTD RPTY LTD 54.000 8.000 21000 JJMT LTD 30,000 5.000 10.000 3.000 KPOY LTD 24 000 10 000 6,000 8 000 RATMAN LTD 23.000 9.000 5.000 6,000 3,000 25.000 6,000 WHENT LTD POMOTY LTD 89.000 5.000 29,000 20.000 RANCH LTD 25.000 7.000 4.000 6.000 8.000 41.000 12.000 15.000 16.000 YOU LTD NANCY LTD 4.000 29.000 DASE 61.000 4.000 10.000 17.00 35.000 VAEG LTD 99 000 10 000 8.000 51 000 10 000 ADANSE LTD 34.000 27.000 7.000 KOMA LTD 41.000 14 000 70,000 4.000 16.000 20.000 10,000 WERET LTD GMT LTD 5.000 5.000 THIN LTD 3.000 50.000 6.000 109,000 73.000 50.000 NOMAN LTD WOGAN LTD 7000 7000 CMMT LTD 470.000 10.000 30 TOTAL 1.389 000 0.350.00 17.00 127.000 370.000 518,00 After a review of the Debtors Agring Analysis war agreed asfolie 12 years and how )50% of balances falling in the above period of the undermentioned debtors should be written off NNM LTD RPTY LTD YOU LTD NOMAN LTD CMMT LTD 1) 100% of balances falling in the above period of the dementioned debtors should be written off GOMT LTD WOGAN LTD 2. More than 1yr Less than 2 yrs 20% of balances falling in the above period of the undermentioned debtors should be written off. JJMT LTD POMOTY LTD NANCY LTD 3. More than 3mths, less than 6 mths Due to some defect in some goods sold the following balances are to be written off GHC VAEG LTD 10,000 KOMA LTD 2,000 4. Specific provisions should be made on the following balances GHC RATMAN LTD 2,000 RANCH LTD 2,000 ADANSE LTD 3,000 5. A 10% general provision should be made on all outstanding balances 6. Balance on the provision for Bad Debts Account as at 1/1/2018 was GHC 80,000 Required 1) Adjust and Prepare the Debtors Ageing analysis Sheet and determine i) Total balance for 2 years and above iii) Total balance on More than lyr Less than 2 yrs iii) Total balance on 6 months to lyr 2 mks 2 mks 2 mks 11 iv) Total balance on More than 3mths, less than 6 mths 2) Determine the Bad Debt to be charged to the Profit and Loss Account 3) Determine the Provision for Bad Debts to be charged to the Profit and Loss Account 4) Prepare the Balance Sheet Extracts for Debtors and Provision for Bad Debts under Current Assets as at 31/12/2018. 1 mks 1 mks I mks 1 mks 10 marks 9 of 11 GALITE BATMANTO WILD CATE FF! 11 Owestie 4 Below is the Debtors ageing analysis of GOMA LTD - the year ending 31/12/2018 GOMA LIMITED-DEBTORS AGE ANAYLSIS SHEET AS AT 3112 2013 2 years months More yless than Hoa 2 y 3 month th Debtors GHC GHC GHC GHC GHC 38.000 14.000 6,000 10.000 NNM LTD RPTY LTD 54.000 8.000 21000 JJMT LTD 30,000 5.000 10.000 3.000 KPOY LTD 24 000 10 000 6,000 8 000 RATMAN LTD 23.000 9.000 5.000 6,000 3,000 25.000 6,000 WHENT LTD POMOTY LTD 89.000 5.000 29,000 20.000 RANCH LTD 25.000 7.000 4.000 6.000 8.000 41.000 12.000 15.000 16.000 YOU LTD NANCY LTD 4.000 29.000 DASE 61.000 4.000 10.000 17.00 35.000 VAEG LTD 99 000 10 000 8.000 51 000 10 000 ADANSE LTD 34.000 27.000 7.000 KOMA LTD 41.000 14 000 70,000 4.000 16.000 20.000 10,000 WERET LTD GMT LTD 5.000 5.000 THIN LTD 3.000 50.000 6.000 109,000 73.000 50.000 NOMAN LTD WOGAN LTD 7000 7000 CMMT LTD 470.000 10.000 30 TOTAL 1.389 000 0.350.00 17.00 127.000 370.000 518,00 After a review of the Debtors Agring Analysis war agreed asfolie 12 years and how )50% of balances falling in the above period of the undermentioned debtors should be written off NNM LTD RPTY LTD YOU LTD NOMAN LTD CMMT LTD 1) 100% of balances falling in the above period of the dementioned debtors should be written off GOMT LTD WOGAN LTD 2. More than 1yr Less than 2 yrs 20% of balances falling in the above period of the undermentioned debtors should be written off. JJMT LTD POMOTY LTD NANCY LTD 3. More than 3mths, less than 6 mths Due to some defect in some goods sold the following balances are to be written off GHC VAEG LTD 10,000 KOMA LTD 2,000 4. Specific provisions should be made on the following balances GHC RATMAN LTD 2,000 RANCH LTD 2,000 ADANSE LTD 3,000 5. A 10% general provision should be made on all outstanding balances 6. Balance on the provision for Bad Debts Account as at 1/1/2018 was GHC 80,000 Required 1) Adjust and Prepare the Debtors Ageing analysis Sheet and determine i) Total balance for 2 years and above iii) Total balance on More than lyr Less than 2 yrs iii) Total balance on 6 months to lyr 2 mks 2 mks 2 mks 11 iv) Total balance on More than 3mths, less than 6 mths 2) Determine the Bad Debt to be charged to the Profit and Loss Account 3) Determine the Provision for Bad Debts to be charged to the Profit and Loss Account 4) Prepare the Balance Sheet Extracts for Debtors and Provision for Bad Debts under Current Assets as at 31/12/2018. 1 mks 1 mks I mks 1 mks 10 marks