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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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Cima Learning System Management Accounting Performance Evaluation Edition
Authors: Robert Scarlett
4th Edition
0750684305, 978-0750684309
