The following table contains balances extracted from the trial balance at the year ended 31 December: Calculate
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The following table contains balances extracted from the trial balance at the year ended 31 December:
Calculate the effect on each year’s profit from the above. The provision for doubtful debts stood at £425 as at 31 December 2006.
Transcribed Image Text:
Bad debts Provision for doubtful debts Bad debts recovered 2007 1,150 600 0 2008 1,430 720 95 2009 960 840 170 2010 635 470 300
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Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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