question archive ACC1112 (1) /Page 3 of 4 b) Copy the table given below, enter the amount of allowance for doubtful debts that appeared in the Income Statement, making clear whether they are debitor credit
ACC1112 (1) /Page 3 of 4 b) Copy the table given below, enter the amount of allowance for doubtful debts that appeared in the Income Statement, making clear whether they are debitor credit
Subject:AccountingPrice: Bought3
ACC1112 (1) /Page 3 of 4 b) Copy the table given below, enter the amount of allowance for doubtful debts that appeared in the Income Statement, making clear whether they are debitor credit. (4 marks) Income Statement Year Debit Credit RM RM 2016 2017 2018 2019 c) Show the Balance Sheet extract in respect of trade receivables for each of the years ended 31 December 2016 to 2019. (5 marks) (Total 25 marks) Question 2 Syarikat Cekodok starts trading in the year of 2016, he had the following trade receivables at the end of the past five years: For the year Bad debts written Net accounts Percentage rate of ended off during the year receivable at year allowance for (RM) end (RM) doubtful debts (%) 2016 31.000 2017 3360 42,000 31 2018 5,100 48,000 3 2019 4,200 32,000 4 Note: On 6 September 2019 Cekodok has found an additional RM2,000 to write off from the accounts receivable Required: a) Prepare the following accounts in the ledger of Cekodok for each of the years ended 31 December 2016 to 2019: i. Bad Debts (6 maris) i Allowance for Doubtful Debts (10 muros)
