Question: Please help me solve this questions. Make everything clear for me please. Question 1: a. .An entity makes a provision for doubtful debts of 10%

 Please help me solve this questions. Make everything clear for me

Please help me solve this questions. Make everything clear for me please.

please. Question 1: a. .An entity makes a provision for doubtful debts

Question 1: a. .An entity makes a provision for doubtful debts of 10% on all its trade receivables. After the end of the nancial year, a customer who owned the entity RM2 million was declared bankrupt. Required: Discuss the accounting treatment under the MFRS 110 Events after the reporting period. Titled Question . A suit for breach of contract seeking damages of RM2,400,000 was filed by an author against RRR Engineering Bhd. on October 4, 2012. Early legal counsel believes that an unfavourable outcome is probable. A reasonable estimate of the award to the plaintiff is between RM600,000 and RM1,800,000. No amount within this range is a better estimate of potential damages than any other amount. Required: Explain the proper accounting treatment in accordanoe with MFRS 137 Provisions, Contingent Liabilities and Contingent Assets. Question 2: ? a. Bakar, Edward and umformed a partnership on January 1, 2015. Bakar invested RM60.000, Edward RM60,000 and umRMMQOOD. Bakar will manage the store and work 40 hours per week in the store. Edward will work 20 hours per week in the store, and umwill not work. Each partner withdrew 30 percent of his income distribution during 2015. If there was no income distribution to a partner, there were no withdrawals of cash. Instructions Compute the partners' capital balances at the end of 2015 under the following condition: (Hint: use T accounts to determine each partner's capital balances.) Net income is RM 66,000 and the partnership agreement provides for (a) a salary of RM40,000 to Bakar and Rim-40,000 to Edward, (b) interest on beginning capital balances at the rate of 10%, and (c) any remaining income or loss is to be shared by Bakar 40%, Edward 35%, and m25%

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