2. The following is a summary of account receivable and related accounts for three years for Tommy Enterprise the financial year ends 30 April each year. Account recelvable as at 30 April (before writing off bad debts) RM Bad debts written off Provision for doubtful debt Year ended 30 April RM 2% 2% 2% Nil 2017 2018 70,000 61,000 83,000 1,000 3,000 2019 For the year ending 30 April 2017, 2018, 2019, show the: a) Provision for doubtful debts account b) Statement of Profit or Loss (extract) c) Statement of Financial Position (extract) Page 1 / 2 Q +
2. The following is a summary of account receivable and related accounts for three years for Tommy Enterprise the financial year ends 30 April each year. Account recelvable as at 30 April (before writing off bad debts) RM Bad debts written off Provision for doubtful debt Year ended 30 April RM 2% 2% 2% Nil 2017 2018 70,000 61,000 83,000 1,000 3,000 2019 For the year ending 30 April 2017, 2018, 2019, show the: a) Provision for doubtful debts account b) Statement of Profit or Loss (extract) c) Statement of Financial Position (extract) Page 1 / 2 Q +
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4PA: Jars Plus recorded $861,430 in credit sales for the year and $488,000 in accounts receivable. The...
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