The following information is available from the records of three traders, Mirza, Naqvi and Osmani: Year...

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The following information is available from the records of three traders, Mirza, Naqvi and Osmani: Year Details 2005 2006 2007 Bad debts written off Trade Debtors at year end Provisions For Bad Debts as % of Trade Debtors Bad debts written off Trade Debtors at year end Provisions For Bad Debts as % of Trade Debtors Bad debts written off Trade Debtors at year end Provisions For Bad Debts as % of Trade Debtors Mirza 670 80,000 2% 1,620 92,000 2% 920 98,000 1.50% Naqvi 1,220 250,000 1% 830 300,000 0.5% 7,800 450,000 1% Osmani 1,890 330,000 1.50% 2,450 390,000 1% 8,720 530,000 1.5% Show the relevant ledger accounts, portion of Profit and Loss Account and Balance Sheets of Mirza, Naqvi and Osmani for all the three year involved. The following information is available from the records of three traders, Mirza, Naqvi and Osmani: Year Details 2005 2006 2007 Bad debts written off Trade Debtors at year end Provisions For Bad Debts as % of Trade Debtors Bad debts written off Trade Debtors at year end Provisions For Bad Debts as % of Trade Debtors Bad debts written off Trade Debtors at year end Provisions For Bad Debts as % of Trade Debtors Mirza 670 80,000 2% 1,620 92,000 2% 920 98,000 1.50% Naqvi 1,220 250,000 1% 830 300,000 0.5% 7,800 450,000 1% Osmani 1,890 330,000 1.50% 2,450 390,000 1% 8,720 530,000 1.5% Show the relevant ledger accounts, portion of Profit and Loss Account and Balance Sheets of Mirza, Naqvi and Osmani for all the three year involved.

Answer rating: 100% (QA)

To prepare the relevant ledger accounts portion of Profit and Loss Account and Balance Sheets for Mirza Naqvi and Osmani for all the three years involved we need to calculate the bad debts written off ... View the full answer