A company makes provision for bad debts at a rate of 5% of debtors. The debtors balances
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A company makes provision for bad debts at a rate of 5% of debtors. The debtor’s balances were given as below;
31/12/2009 | shs.15,000,000 |
31/12/2010 | shs.20,000,000 |
31/12/2011 | shs.9,000,000 |
Show the necessary entries in the three years.
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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