As at the year end 3112x5 the following debts out of a, Ask an Expert

Accounting

As at the year end 31.12.X5 the following debts out of a total debtors' figure of

£54,500 are found to be bad:

A. Bloggs £780

B. Swift £320

P. Trent £1,500 - 50p in the £ is payable.

The balance sheet as at 31.12.X4 showed a provision for bad debts for the business of £2,100. The provision for bad debts as at 31.12.X5 is estimated to be 5% of debtors' balances. Show the bad debts account, provision for bad debts account and the balance sheet as at 31.12.X5.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91625514

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