question archive Question 4 Explain what you understand by the terms: Bad debt written off Allowance for doubtful debts (8 marks) The following appears in the ledger of one-year commission received account: Commission Received Account 1 June 30 June Accrued b/d Profit and loss RM 2,000 23,000 30 June 30 June Bank Accrued c/d 20,000 5,000 What is the amount to be shown in Income Statement? (2 marks) Briefly explain how the above to be presented in the current Balance Sheet
Subject:AccountingPrice: Bought3
Question 4
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Commission Received Account |
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1 June 30 June
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Accrued b/d Profit and loss
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RM 2,000 23,000
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30 June 30 June
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Bank Accrued c/d |
20,000 5,000 |
(4 marks)
(2 marks)
Explain which of the above two methods would be more suitable for depreciating the lorry. (4 marks)
(Total 25 marks)