Question

reserve for bad debts at 5%​

Answer 1

Answer:

Provision for both Bad Debts and Discount are to be 5% of the book debt outstanding on the date. Give the necessary ledger accounts, the Profit and Loss Account and the position of Debtors in the Balance Sheet as on 31st December 2004.

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Answer 2

Answer:

Provision for both Bad Debts and Discount are to be 5% of the book debt outstanding on the date. Give the necessary ledger accounts, the Profit and Loss Account and the position of Debtors in the Balance Sheet as on 31st December 2004.

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