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:
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:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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
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
December 2018, 2019 and 2020.
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