ASSIGNMENT-2021Helmuth maintains a provision for doubtful debts of 4% of the total debtors at the eneeach financial year.His debtors owed N$2 800 on 30 June 2020 and N$4 000 on 30 June 2021.The provision for doubtful debts on 1 July 2019 was N$128.REQUIRED(b) Write up the provision for a doubtful debts account for the financial year ended June2020 and June 2021.Provision for a Doubtful Debts Account[5](c) State and explain two accounting principles which Helmuth applied by maintaining aprovision for doubtful debts.****************

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elmuth maintains a provision for doubtful debts of 4% of ach financial year. s debtors owed N$2 800 on 30 June 2020 and N$4 000 o e provici

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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