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On 30 June 2019 the Debtors Control account shows a balance of $12300. Fred decided to create a Provision for Doubtful Debts account at 5%
On 30 June 2019 the Debtors Control account shows a balance of $12300. Fred decided to create a Provision for Doubtful Debts account at 5% of total Debtors to make provision for future bad debts. The following values will appear in the Income statement and Balance Sheet on 30 June 2019: Bad Debts Bad and Doubtful Debts Debtors Control Provision for Doubtful Debts SA
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Acca Financial Reporting
Authors: BPP Learning Media
1st Edition
1509784888, 978-1509784882
