B. Summers has an accounting year ending on 30 April. At 30 April 20X8 his ledger contained
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B. Summers has an accounting year ending on 30 April. At 30 April 20X8 his ledger contained the following accounts:
The trade receivables at 30 April 20X9 were £19,500. This includes £620 due from A. Winters and £880 from D. Spring, both of which are thought to be irrecoverable.
You have been instructed to make an allowance for irrecoverable debts at 30 April 20X9 of 3 per cent of trade receivables.
Show the ledger entries in respect of the irrecoverable debts and allowance for irrecoverable debts.
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Debit Irrecoverable Debts A Winters 620 C...View the full answer
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Related Book For 
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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