M. Shaft has an accounting year ending on 31 December. At 31 December 20X8 the ledger contained
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M. Shaft has an accounting year ending on 31 December. At 31 December 20X8 the ledger contained the following balances:
The allowance for irrecoverable debts consisted of a general allowance of £500 and specific allowances comprising: A. Bee £320; C. Dee £180; and F. Gee £260.
The following transactions occurred during 20X9:
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ANSWER Account 31 Dec 20X8 Transactions during 20X9 31 Dec 20X9 Plant and machinery 30000 Part exchange NA Provision for depreciation 12500 Depreciation NA Trade receivables 10760 Irrecoverable debt J ...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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