ember. The following balances of debtors are: Debtors RM December 31, 2018 18,700 December 31, 2019 21,400 December 31, 2020 19,600 The following bad debts had been written off: Date written off RM December 31, 2018 169 December 31, 2019 143 December 31, 2020 66 Required:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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AA Sdn Bhd provides for doubtful debts at 3% of outstanding debtors at his year end of 31
December. The following balances of debtors are:
Debtors RM
December 31, 2018 18,700
December 31, 2019 21,400
December 31, 2020 19,600

The following bad debts had been written off:

Date written off RM
December 31, 2018 169
December 31, 2019 143
December 31, 2020 66

Required:
(a) Prepare for each of the years ended 31 December 2018, 31 December 2019 and 31
December 2020 the:
(i) Bad Debts Account

 

(ii) Allowance for Doubtful Debts Account


(b) Prepare the statement of financial position extracts for each of the years at 31
December 2018, 2019 and 2020.

 

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