2. The following is a summary of account receivable and related accounts for three years for Tommy Enterprise the financial year ends 30 April each year. Account recelvable as at 30 April (before writing off bad debts) RM Bad debts written off Provision for doubtful debt Year ended 30 April RM 2% 2% 2% Nil 2017 2018 70,000 61,000 83,000 1,000 3,000 2019 For the year ending 30 April 2017, 2018, 2019, show the: a) Provision for doubtful debts account b) Statement of Profit or Loss (extract) c) Statement of Financial Position (extract) Page 1 / 2 Q +

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 9P
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2. The following is a summary of account receivable and related accounts for three
years for Tommy Enterprise the financial year ends 30 April each year.
Account recelvable
as at 30 April (before
writing off bad
debts)
Bad debts
written off
Year ended 30
Provision for
April
doubtful debt
RM
Nil
1,000
3,000
RM
2017
2018
2019
70,000
61,000
83,000
2%
2%
2%
For the year ending 30 April 2017, 2018, 2019, show the:
a) Provision for doubtful debts account
b) Statement of Profit or Loss (extract)
c) Statement of Financial Position (extract)
Page 1 I 2
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Transcribed Image Text:2. The following is a summary of account receivable and related accounts for three years for Tommy Enterprise the financial year ends 30 April each year. Account recelvable as at 30 April (before writing off bad debts) Bad debts written off Year ended 30 Provision for April doubtful debt RM Nil 1,000 3,000 RM 2017 2018 2019 70,000 61,000 83,000 2% 2% 2% For the year ending 30 April 2017, 2018, 2019, show the: a) Provision for doubtful debts account b) Statement of Profit or Loss (extract) c) Statement of Financial Position (extract) Page 1 I 2 РОСО SHOT ON POCO F2 PRO
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