Question 3 As at 1 Feb 2020, Aleena Trading had a balance of RM 2,330 in the allowance for doubtful debts account. Given the following transactions for Aleena's business related to debtors, you are required to assist in recording all the necessary information into the accounting records. 1 Feb 2020 - 31 January 2021 Bad debts written off during the accounting year RM 1,680 RM 42,000 Total debtors as at 31 January 2021 Bad debts recovered during the accounting year RM 790 Allowance for doubtful debts 5% 1 Feb 2021 - 31 January 2022 Bad debts written off during the accounting year RM 1,950 Total debtors as at 31 January 2022 RM 55,000 Bad debts recovered during the accounting year RM 1,910 Allowance for doubtful debts 4% Required to prepare: (a) Bad debts account for the year ended 31 January 2022. (b) Allowance for doubtful debts account for two years ended 31 January 2022. (c) Bad debts recovered account for the year ended 31 January 2022.

Question 3 As at 1 Feb 2020, Aleena Trading had a balance of RM 2,330 in the allowance for doubtful debts account. Given the following transactions for Aleena's business related to debtors, you are required to assist in recording all the necessary information into the accounting records. 1 Feb 2020 - 31 January 2021 Bad debts written off during the accounting year RM 1,680 RM 42,000 Total debtors as at 31 January 2021 Bad debts recovered during the accounting year RM 790 Allowance for doubtful debts 5% 1 Feb 2021 - 31 January 2022 Bad debts written off during the accounting year RM 1,950 Total debtors as at 31 January 2022 RM 55,000 Bad debts recovered during the accounting year RM 1,910 Allowance for doubtful debts 4% Required to prepare: (a) Bad debts account for the year ended 31 January 2022. (b) Allowance for doubtful debts account for two years ended 31 January 2022. (c) Bad debts recovered account for the year ended 31 January 2022.

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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