Question 1:

Compose an email report to the Accountant, providing an overview of the current status of Accounts Receivable and Accounts Payable. Ensure that your report adheres to the Policies and Procedures guidelines and includes:

• The Aged Schedules are utilized for Accounts Receivable and Accounts Payable.
• Submit an authorization request for any outstanding Accounts Payable (creditors).
• Provide your suggestion to the Accountant regarding the new provision for doubtful debts allocation, considering the updated end-of-month Accounts Receivable total.

Calculate the updated amount to be allocated based on the current provision set at $1200, determined by the Accounts Receivable total from the previous period and the specified percentage provision in the Policies and Procedures.

Question 2: Detail where this report and associated records will be filed.

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