Question
At 30 June 2019 Dukacita Sdn Bhds allowance for receivables was RM39,000. At 30 June 2020 its trade receivables totaled RM517,000. It was decided to
At 30 June 2019 Dukacita Sdn Bhds allowance for receivables was RM39,000. At 30 June 2020 its trade receivables totaled RM517,000. It was decided to write off debts totalling RM37,000 and to adjust the allowance for receivables to the equivalent of 5 per cent of the trade receivables based on past events.
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
