Glad Thomson provides the following information for the year ended 31 October 20*8. She maintains a provision

Question:

Glad Thomson provides the following information for the year ended 31 October 20*8. She maintains a provision for doubtful debts of 5%, based on outstanding debtors at the end of each financial year.

Bad debts not yet written off at 31 October 20*8

During the year £246 was received from Broadbent. This amount had been written off as a bad debt three years ago.


Required

Prepare:

a) A bad debts account
b) Provision for doubtful debts account
c) Broadbent’s account
d) A bad debt recovered account
e) aA profit and loss account extract for the year ended 31 October 20*8.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: