please give ans 30 minit

(a) Allowance method is more appropriate than direct write off method of accounting for bad debt." Do agree? Explain your answer. [3marks] (b) The ledger of XYZ Company at the end of the current year shows Accounts Receivable Tk. 90,000, Sales Tk.800,000 and Sales returns and allowances Tk.40,000. [2+2+3=7 marks] Instructions: 1) If Allowance for Doubtful Accounts has a debit balance of Tk. 1,000 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 1.5% of net sales. 2) If Allowance for Doubtful Accounts has a credit balance of Tk. 1,000 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 5% of accounts receivable. 3) Suppose, XYZ company collect from bad debt by Tk. 5,000 which was previously written -off from accounts receivable. How the company journalize this recovery in its books of accounts