The closing trade receivables as at 3110?2020 before bad debts written off were 165,000. The...

70.2K

Verified Solution

Question

Accounting

The closing trade receivables as at 3110?2020 before bad debts written off were 165,000. The business continues to maintain the same provision for doubtful debts as last year of 2% on closing trade receivables after bad debts written off.
Time left 0:37:18
The following two transactions have just been recorded in preparation for finalising the financial statements for the year ending 31/10/2020:
\table[[No,ASSETS,EXPENSES,=,(Op) EQUITY,REVENUES,LIABILITIES],[1,\table[[-3,000
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students