From the following data ascertain the size of the provision for doubtful debts for each year, stating
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From the following data ascertain the size of the provision for doubtful debts for each year, stating the entry needed in the respective year’s statement of comprehensive income. In each case, the provision should be based on 3% of outstanding debtors at the year end.
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Year 2009 2010 2011 2012 Debtors as at 31 December () 10,000 12,000 13,000 11,000
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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