From the following information, determine the amount to be adjusted against the provision for doubtful debt...
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From the following information, determine the amount to be adjusted against the provision for doubtful debt account at the end of the 2021-22 financial year Provision for doubtful debts (1 July 2021) $34,500 Bad debt expenses incurred in the 2021-22 financial year $25,750 Provision for doubtful debts required at 30 June 2022 assessed at 2% of credit sales of $1,300,000 (ignore GST). From the following information, determine the amount to be adjusted against the provision for doubtful debt account at the end of the 2021-22 financial year From the following information, determine the amount to be adjusted against the provision for doubtful debt account at the end of the 2021-22 financial year Provision for doubtful debts (1 July 2021) $34,500 Bad debt expenses incurred in the 2021-22 financial year $25,750 Provision for doubtful debts required at 30 June 2022 assessed at 2% of credit sales of $1,300,000 (ignore GST). From the following information, determine the amount to be adjusted against the provision for doubtful debt account at the end of the 2021-22 financial year
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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