Question
The debtors account in Julia Ltd shows a closing balance of 20,000 for this year. Before the end off procedures it has been agreed to
The debtors account in Julia Ltd shows a closing balance of 20,000 for this year. Before the end off procedures it has been agreed to make a provision for doubtful debts for the next coming 3 years at the rates of 5%, 6% and 7% respectively.
You are required to show:
a. The debtors account.
b. The provision for bad debts.
c. The effect in balance sheet.
d. The journal entries.
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
7th edition
77138449, 978-0077132682, 77132688, 978-0077138448
