A business which prepares its financial statements annually to 31 December suffered bad debts which were...
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A business which prepares its financial statements annually to 31 December suffered bad debts which were written off: 2021 2022 2023 4,570 3,260 5,080 The business had a balance of 740 on the allowance for doubtful debts account on 1 January 2021. At the end of each year, the business carefully considered which of its debtors appeared doubtful and decided to carry forward an allowance of: 2021 2022 2023 830 970 690 For each of the three years, prepare the allowance for doubtful debts account and state the total charge in relation to bad and doubtful debts in the income statements. A business which prepares its financial statements annually to 31 December suffered bad debts which were written off: 2021 2022 2023 4,570 3,260 5,080 The business had a balance of 740 on the allowance for doubtful debts account on 1 January 2021. At the end of each year, the business carefully considered which of its debtors appeared doubtful and decided to carry forward an allowance of: 2021 2022 2023 830 970 690 For each of the three years, prepare the allowance for doubtful debts account and state the total charge in relation to bad and doubtful debts in the income statements.
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Allowance for Doubtful Debts Account 2021 Opening balance 740 Charge for the year 830 Bad debts ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
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