Saul maintains a provision for doubtful debts in his books. It is made up of a specific

Question:

Saul maintains a provision for doubtful debts in his books. It is made up of a specific provision for doubtful debts and a general provision equal to 5% of the remainder. The following information is extracted from Saul's books.


Required 

(a) Calculate the total provision for doubtful debts for each of the above years. 

(b) Prepare the Provision for Doubtful Debts account for each of the years. (Assume that Saul had not made a provision for doubtful debts before 31 March 2000.)

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

Step by Step Answer:

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