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Glad Thomson provides the following information for the year ended 31 October 20*8. She maintains a provision for doubtful debts

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Glad Thomson provides the following information for the year ended 31 October 20*8. She maintains a provision for doubtful debts of 5%, based on outstanding debtors at the end of each financial year.

Bad debts not yet written off at 31 October 20*8

During the year £246 was received from Broadbent. This amount had been written off as a bad debt three years ago.


Required

Prepare:

a) A bad debts account
b) Provision for doubtful debts account
c) Broadbent’s account
d) A bad debt recovered account
e) aA profit and loss account extract for the year ended 31 October 20*8.

Transcribed Image Text:

Total debtors 31 October 20*7 Total debtors 31 October 20*8 35,000 41,606

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a Bad Debts Account Date Details Debit Credit 31 Oct 20 8 Thaker 216 31 Oct 20 8 Simms 97 31 Oct 20 …View the full answer


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Introducing Accounting For AS

Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Details
Chapter # 17
Section: Question
Problem: 19
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Question Posted: August 23, 2023 04:37:56
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