首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Busy Company is a retailer. Most of its sales are made on credit terms. The following information relates to the first 4 years.
Busy Company is a retailer. Most of its sales are made on credit terms. The following information relates to the first 4 years.
admin
2011-01-14
136
问题
Busy Company is a retailer. Most of its sales are made on credit terms. The following information relates to the first 4 years.
Year 1 Year 2 Year 3 Year 4
$ $ $ $
Trade Debtor as at 31 December 500,000 400,000 550,000 600,000
Bad debt written off for
the year ended 31 December - 30,000 10,000 29,000
Busy Company decides to set aside a provision for bad debts equivalent to 5% of trade debtors as at year end.
Required:
(a)Show how the provision for bad debts would be disclosed in the balance sheet as at 31 January Year 1 to Year 4.
(b)Calculate the bad debt expenses for the respective profit and loss account for each of the 4 years.
选项
答案
(a) Balance Sheet Busy Company Year 1 Year 2 Year 3 Year 4 $ $ $ $ Current Assets Trade Debtors 500,000 400,000 550,000 600,000 Less: Provision for Bad Debts (25,000) (20,000) (27,500) (30,000) 475,000 380,000 523,000 570,000 (b) Profit and Loss Account Bad Debt Expenses Year to 31 December Year 1 25,000 Year to 31 December Year 2 Balance of Bad Debt Provision $(25,000 - 30,000) 5,000 (Dr) Bad Debt provision required $(400,000×5%) 20,000 (Cr) 25,000 Year to 31 December Year 3 Balance of Bad Debt Provision $(20,000 - 10,000) 10,000(Cr) Bad Debt provision required $(550,000×5%) 27,500(Cr) 17,500 Year to 31 December Year 4 Balance of Bad Debt Provision $(27,500 - 29,000) 1,500(Dr) Bad Debt provision required $(600,000×5%) 30,000(Cr) 31,500
解析
转载请注明原文地址:https://kaotiyun.com/show/sRYd777K
0
中级(会计)
原金融专业英语(FECT)
金融英语(FECT)
相关试题推荐
HowGREENareyou?Youshould...1.makesurethatthepaperandtheglassyouthrowawaywillbekeptinaproperplace.
Marthawas______abroadbyhercompany.
Doyouknow______peopleinthebusiness?
December41isChristmasDay.Christmasisanirnportant(重要的)holiday42theUnited43.44thisday,mostfamiliesgettogether
BobandJimonceworkedinthesamefactory.Oneday,BoblentJimtendollars,butthenJimlefthisworkandwenttoworkina
In1870srichpeoplebegantospeakofspendingweekendsinthecountryvisitingfriends.Formostpeoplebackthen,however,th
Ellenlefthomeearlyyesterdaybecauseatnineo’clockshewasgoingtostartworkatacompanyinthecity.Shewasonlyeigh
trade,above,expiration,respond,strike,profitable,seller,how,most,financialIngeneral,anoptiongivestothebuyer
Check,draw,rateofexchange,commission,endorse,subjectto,current,guaranted,participate,denominationsApersonwho
Theprimarysourceoffundsoffireandcasualtyinsurancecompaniesincludes______.
随机试题
A.大阴唇B.小阴唇C.阴蒂D.前庭大腺E.前庭球女阴乳头状汗腺腺瘤最常见于:
(2012年4月)中介机构和经纪人等演出组织者组织演出时由()。
下列属于环境行政责任承担形式的是【】
诊断胃癌可靠的方法是
男性,25岁,腹部被倒墙压伤,中腹部剧痛伴呕吐3小时。血压120/86mmHg,体温38℃;腹胀、肌紧张、压痛、反跳痛阳性,肠鸣音消失。最可能的诊断是
A、对氨基苯甲酸B、对氨基酚C、对苯二酚D、肾上腺酮E、游离水杨酸;下列药物中应检查的杂质是药典规定阿司匹林
李某将涉及其继承经常居所在美国的王某的遗产的案件诉诸某中国法院,但李某与王某是否存在婚姻关系本身是一个需要解决的问题,依最高人民法院的相关司法解释,下列哪些是正确的?
绝热工程中,必须设置防潮层的管道应是()。
有形市场是指( )。
下列叙述中,正确的是()
最新回复
(
0
)