The following table contains balances extracted from the trial balance at the year ended 31 December: Calculate
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The following table contains balances extracted from the trial balance at the year ended 31 December:
Calculate the effect on each year’s profit from the above. The provision for doubtful debts stood at £457 as at 31 December 2001.
Transcribed Image Text:
Bad debts Provision for doubtful debts Bad debts recovered 2002 745 556 0 2003 656 454 0 2004 810 564 100 2005 452 776 50
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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