Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Please can you explain this question to me. Question 1 A trade debt as at 30th June 2011 amounted to R418 400. Allowance for doubtful

Please can you explain this question to me.

Question 1 A trade debt as at 30th June 2011 amounted to R418 400. Allowance for doubtful debts Not yet brought forward as at 1st July 2010 was R18 800. The proprietor wishes that a debt of R3 400 answered should be written off and the Allowance adjusted to cover 5% of debts receivables as at 30th Marked out of June 2011. Identify the closing balance for allowance for doubtful debts at 30 June 2011. 1.00 Flag question Select one: O a. R20 750 O b. R20 920 O c. R22 200 O d. R18 800

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

Recommended Textbook for

Financial Accounting

Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice

10th edition

324645570, 978-0324645576

Students also viewed these Accounting questions

Question

★★★★★

The Nickelodeon Manufacturing Co. has a series of $1000 par value bonds outstanding. Each bond pays interest semi-annually and carries an annual coupon rate of 7%. Some bonds are due in three years...

Answered: 1 week ago

Question

★★★★★

Then the value of ???? is (a) 18 (b) 92 (c)910 (d) 94 (e)32

Answered: 1 week ago

Question

★★★★★

The ledger of Hubbard Company includes the following accounts. Explain why each account may require adjustment. (a) Prepaid Insurance. (b) Depreciation Expense. (c) Unearned Service Revenue. (d)...

Answered: 1 week ago

Question

★★★★★

2. Assign dynamic IP to your workstation using netsh command. Provide netsh command for assigning dynamic IP and screenshot (use command netsh interface ipv4 show config to show the result) to prove...

Answered: 1 week ago

Question

★★★★★

1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labour? 4. What is the cost of indirect labour? 5. What is the cost of...

Answered: 1 week ago

Question

★★★★★

Sold merchandise for $4,400 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee

Answered: 1 week ago

Question

★★★★★

Is there a common thread in the two situations of personal gain? What is different about the Gates scenario and those of the Birmingham officials?

Answered: 1 week ago

Question

★★★★★

Should You be Able to Sue McDonalds if You Spill Coffee on Yourself? If you talk about lawsuits today, some people will tell you that a lot of them are frivolous. There are a few famous cases that...

Answered: 1 week ago

Question

★★★★★

TLW Consulting has been concerned about declining profitability and the president has asked you to evaluate productivity over the past two years. After several weeks, you have managed to collect the...

Answered: 1 week ago

Question

★★★★★

Evaluate some of the theoretical frameworks that have been used to explain the HRM performance in organizations.

Answered: 1 week ago

Question

★★★★★

Create rewards structure for the sales and marketingdepartments for a company of your choosing. Attention should be placed on creating a strategy that not only builds continuity among the 2...

Answered: 1 week ago

Previous Question Next Question