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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. Year ended 30 April Account receivable as at 30 April (before writing off bad debts) RM Bad debts written off RM Provision for doubtful debt 2017 70,000 Nil 2% 2018 61,000 1,000 2% 2019 83,000 3,000 2% 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)

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. Year ended 30 April Account receivable as at 30 April (before writing off bad debts) RM Bad debts written off RM Provision for doubtful debt 2017 70,000 Nil 2% 2018 61,000 1,000 2% 2019 83,000 3,000 2% 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)

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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 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.

Year ended 30

April

Account receivable

as at 30 April (before

writing off bad

debts)

RM

Bad debts

written off

RM

Provision for

doubtful debt

2017 70,000 Nil 2%

2018 61,000 1,000 2%

2019 83,000 3,000 2%

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)

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