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Question 2 Sex: 5 Question The financial year-end of Peace Berhad is 31 July 2019. The financial statements were audited and authorised to be issued

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Question 2 Sex: 5 Question The financial year-end of Peace Berhad is 31 July 2019. The financial statements were audited and authorised to be issued on 31 August 2019. Peace Berhad made a general bad debt provision of 5% on all its trade receivables. A customer, John San Bhd who owed the company RM95,000 was declared a bankrupt after its financial year-end. This was communicated to Peace Berhad on 18 August 2019. Required Describe the appropriate actions, compute the necessary workings and show the necessary journal entries with their narrations based on MFRS1 10 Events After Reporting Period

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