Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

MG Ltd is no longer operating as a business but still owes Mr Tea 2,850. Mr Tea now does not believe that he will recover

MG Ltd is no longer operating as a business but still owes Mr Tea 2,850. Mr Tea now does not believe that he will recover the money and so will remove this debt from his receivables ledger. What type of item is this?

Select one:

A. Credit note

B. Doubtful debt

C. Irrecoverable debt

D. Provision

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Accounting The Impact On Decision Makers

Authors: Gary A. Porter, Curtis L. Norton

6th Edition

0324655231, 978-0324655230

More Books

Students explore these related Accounting questions

Question

Using the data in the following table, estimate the average return and volatility for each stock. _____________________ Realized Returns Year _____________ Stock A ________ Stock B 1998...

Answered: 3 weeks ago

Question

In Problem use the four-step process to find f'(x) and then find f' (1), f' (2), and f' (3). f(x) = x 2 - 2x + 3

Answered: 3 weeks ago

Question

=+b) If Shawn thinks theres a 60% chance the long-range predictions will predict a 50% chance of good conditions, find the corresponding EVwSI.

Answered: 3 weeks ago

Question

In 2008, Keenan Company paid dividends totaling $3,600,000 on net income of $10.8 million. Note that 2008 was a normal year and that for the past 10 years, earnings have grown at a constant rate of...

Answered: 3 weeks ago

Question

CUMULATIVE PROBLEM - Ballister Systems This comprehensive problem starts in this chapter and continues in Chapters 3. 4. and 5. On October 1, 2020, Ballister Dorth organized a computer service...

Answered: 3 weeks ago

Question

urgenttt please hurry A 15% discount on a smart phone amounts to $120. What is the phone's list price? Answer =$ (rounded to the nearest cent)

Answered: 3 weeks ago

Question

The diagram shows two finite solenoids with their symmetry axes aligned. The arrows indicate the current direction on the part of the solenoid above the page. VVVV 12. Draw the magnetic field for...

Answered: 3 weeks ago

Question

Using funds obtained through taxes on certain businesses, Superfund a. reimburses polluters who correct environmental violations. Ob. all of the choices. O c. pays for the clean up of hazardous waste...

Answered: 3 weeks ago

Question

On February 28, 2022, FDA approved the biological drug CARVYKTI (ciltacabtagene autoleucel) for the treatment of adult patients with relapsed or refractory multiple myeloma after four or more prior...

Answered: 3 weeks ago

Question

What is the equation of the given hyperbola? (2, 2) (-2, 2) (6, 2) (6, 1) X

Answered: 3 weeks ago

Question

TO DO R 2. Each of the forces here forms a couple. Calculate the Torque ("Moment") from the couple. dl-distance between gorces GN GN Y=fall =8+103) N-(for 3) re Couple =3.2x103 NM 1+4+3=8' 20bb 20 lb...

Answered: 3 weeks ago

Question

=+ What interactive contests or fun activities could you invent to get people tweeting?

Answered: 3 weeks ago

Question

=+If you know which audiences you're targeting, you may be able to see

Answered: 3 weeks ago

Question

=+How would you target this group? You could consider: Eyebrows (lines that appear before the headline to speak to a specific group, like: Attention Pet lovers! as discussed in chapter 4).

Answered: 3 weeks ago

Previous Question Next Question