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31-12-2022
Business

Answered

a. Calculate the amount required in the allowance for doubtful debts as on 31st December 2021, using accounts receivable method.
b. Prepare journal entries for bad and doubtful debts
c. Show the accounting treatment of bad and doubtful debts in income statement and
balance sheet.
d. Explain how the company can control the aged debts and the measures to collect them
early.

a Calculate the amount required in the allowance for doubtful debts as on 31st December 2021 using accounts receivable method b Prepare journal entries for bad class=

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