Question
AA Sdn Bhd provides for doubtful debts at 3% of outstanding debtors at his year end of 31 December. The following balances of debtors
AA Sdn Bhd provides for doubtful debts at 3% of outstanding debtors at his year end of 31 December. The following balances of debtors are: Debtors December 31, 2018 December 31, 2019 December 31, 2020 The following bad debts had been written off: Date written off December 31, 2018 December 31, 2019 December 31, 2020 Required: (a) (b) RM 18,700 21,400 19,600 (ii) Allowance for Doubtful Debts Account RM 169 143 66 Prepare for each of the years ended 31 December 2018, 31 December 2019 and 31 December 2020 the: (i) Bad Debts Account [6 marks] [10 marks] Prepare the statement of financial position extracts for each of the years at 31 December 2018, 2019 and 2020.
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