Question
QUESTION 3 AA Sdn Bhd provides for doubtful debts at 3% of outstanding debtors at his year end of 31 December. The following balances of
QUESTION 3
AA Sdn Bhd provides for doubtful debts at 3% of outstanding debtors at his year end of 31 December. The following balances of debtors are:
Debtors RM
December 31, 2018 18,700
December 31, 2019 21,400
December 31, 2020 19,600
The following bad debts had been written off:
Date written off RM
December 31, 2018 169
December 31, 2019 143
December 31, 2020 66
Required:
(a) Prepare for each of the years ended 31 December 2018, 31 December 2019 and 31 December 2020 the:
(i) Bad Debts Account
[6 marks]
(ii) Allowance for Doubtful Debts Account
[10 marks]
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
