QUESTION 3 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 December 31, 2019 December 31, 2020 18,700 21,400 19,600 The following bad debts had been written off: Date written off RM December 31, 2018 December 31, 2019 December 31, 2020 169 143 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.

QUESTION 3 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 December 31, 2019 December 31, 2020 18,700 21,400 19,600 The following bad debts had been written off: Date written off RM December 31, 2018 December 31, 2019 December 31, 2020 169 143 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.

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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