Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Debtors Control R136 000 Provision for doubtful debts R12 000 Mr A, a debtor, was written as irrecoverable after AA Ltd learnt that his business
Debtors Control R136 000 Provision for doubtful debts R12 000 Mr A, a debtor, was written as irrecoverable after AA Ltd learnt that his business had been liquidated, R1 300. Mr X, a debtor whose debt was previously written off managed to pay up R3 000. The Provision for doubtful debts must be adjusted to 10% of debtors. How much would be written off as the total expensein the Statement of Comprehensive Income of AA Ltd for the year ended 31 December 2015? A. R3 000 B. R2770 C. R1 300 D. R4 300
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started