solve in 25 mins i will thumb up

Part 3 (15 marks) 1. What are the reserves that a limited company can possibly have? For what purposes they can be used? (8 marks) 2. Explain the difference between bad debts and doubtful debts. What is the purpose of provision for bad debts? (7 marks) Presentation marks (total 5 marks) will be awarded for: Kaplan International Pathways 1. Clear and headed sections for tasks; 2. Present financial statements in form of tables; 3. Appropriate referencing. 4 kaplanpathways.com