Question

Aziz & Sons has accounts receivables of Rs. 575,000. The credit manager reviews accounts receivables & estimate that 35,000 of the accounts receivables prove to be un- collectible. Company realizes that company’s receivables from Mustaq & Bros amounted Rs. 22,000 therefore management decided to write off their balance. The provision for the next month is Rs. 42,000. Required: Prepare at the journal entries to record: a. the provision for doubtful accounts​

Answer 1

Answer:

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