reserve for bad debts at 5%
Share
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Provision for both Bad Debts and Discount are to be 5% of the book debt outstanding on the date. Give the necessary ledger accounts, the Profit and Loss Account and the position of Debtors in the Balance Sheet as on 31st December 2004.
hope it helped
Answer:
Provision for both Bad Debts and Discount are to be 5% of the book debt outstanding on the date. Give the necessary ledger accounts, the Profit and Loss Account and the position of Debtors in the Balance Sheet as on 31st December 2004.
hope it helps ☺️☺️☺️