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(a) 099,21 1000 (b) 000. Tammy owns a bookstore and closes the account on 31 December every year. On 20 December 2019, she supplied books
(a) 099,21 1000 (b) 000. Tammy owns a bookstore and closes the account on 31 December every year. On 20 December 2019, she supplied books to Sekolah Kebangasaan Bangi, amounting to RM6,000. SK Bangi paid half of the amount in December 2019 and settled the other half in the following year. The total utility bill for the year was RM1,500. She received the December electricity bill of RM450 on 28 December 2019 and made payment the following January. When Tammy prepared the 2019 year-end report, she recorded the RM6,000 as current year sales and added the unpaid December electricity bill to the current year utility expenses. Based on the above case, thoroughly explain if the transactions recorded by Tammy complied with the accounting principles. iamchat Innoiib(8 marks) Sarah operates an advertising company. Based on past experiences, some debtors failed to settle the outstanding amount for various reasons. Hence, from this year onwards, she decided to set aside 1% from total debtors to provide for anticipated losses due to default payments
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