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 ended Bad debts written off during the year (RM) Net accounts receivable at year end (RM) Percentage rate of allowance for doubtful debts (%) 2016 - 31,000 5 2017 3,560 42,000 5 2018 5,100 48,000 3 2019 4,200 52,000 4   Note: On 6 September 2019 Cekodok has found an additional RM2,000 to write off from the accounts receivable

Subject:AccountingPrice: Bought3

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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 ended	Bad debts written off during the year (RM)	Net accounts receivable at year end (RM)	Percentage rate of allowance for doubtful debts (%)
2016	-	31,000	5
2017	3,560	42,000	5
2018	5,100	48,000	3
2019	4,200	52,000	4

 

Note: On 6 September 2019 Cekodok has found an additional RM2,000 to write off from the accounts receivable.

 

Required:

 

1. Prepare the following accounts in the ledger of Cekodok for each of the years ended 31 December 2016 to 2019:

 

i. Bad Debts (6 marks) ii. Allowance for Doubtful Debts (10 marks)

 

 

2. Copy the table given below, enter the amount of allowance for doubtful debts that appeared in the Income Statement, making clear whether they are debit or credit. (4 marks)

Year	Income Statement
	Debit RM	Credit RM
2016
2017
2018
2019

 

3. Show the Balance Sheet extract in respect of trade receivables for each of the years ended

31 December 2016 to 2019. (5 marks)