To write off a trade debt of 11,750, in the books of a VAT-registered trader: (a) Debit

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To write off a trade debt of £11,750, in the books of a VAT-registered trader:

(a) Debit Bad debts account £11,750, credit Trade receivable account £11,750

(b) Debit Bad debts account £10,000, credit Trade receivable account £10,000

(d) Debit Bad debts a/c £10,000, debit VAT account £1,750, credit Trade receivable a/c £11,750

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 31, 2023 06:50 AM

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To write off a trade debt of 11,750, in the books of a VAT-registered trader: (a) Debit

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d Debit Bad debt...View the full answer

Financial Accounting An Introduction

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