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
83
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
A、ColorandBusinessB、PeopleandColorC、BrightColorandDarkColorB
Betty’sparentshavelivedinthiscity______fiveyears.
[A]park[B]radio[C]watch[D]library[E]telephone[F]postoffice[G]supermarketPeoplebuystampsorsendlettersthere.
ThefollowingfinancialstatementsrelatetoBlueTingfortheyearended31December2001BalanceSheetendedat31December20
Ifatradedebtorof$20,000hasbeenwronglypostedtothecreditofthetradecreditor,buthasbeencorrectlyenteredinthe
Ifthecontingentliabilitiesareprobableandtheamountoftheliabilitiescanbereasonablyestimated,thefactsoftheconti
Increasinglygloballyintegratedfinancialmarketsposesignificantchallengestotheregulationofsecuritiesandfuturesmarke
Harper&GrantLtd.isawell-knownandrespectedtradingcompany.Wehandleimportsdirectlyfrommanufacturesin35differen
Acredittoarevenueaccount______.
Onthebalancesheet,assetsandliabilitiesareclassifiedaseither(61)orlong-termtoindicatetheirrelativeliquidity.
随机试题
有如下程序段:inti=10;while(1){i++;if(i==30)break;if(i%2==0)cout
封闭式基金
胸段脊髓受损在脊休克过去之后,排尿功能障碍的表现为
屋外高压电器在进行试验或计算时,日照强度取0.1W/cm2,风速取()。
根据《中华人民共和国安全生产法》的规定,生产经营单位主要负责人对本单位的安全生产负总责,某生产经营单位的主要负责人对本单位安全生产工作的职责是:
所有账簿,每年必须更换新账。()
高中教师根据高中生的年龄特征和个别差异进行不同的德育教育遵循的是()。
新月派诗人闻一多提出,诗歌要有“三美”即“音乐美”“绘画美”和()。
Doeshappinessfavorthoseofa【C1】______age,sex,orincomelevel?Doeshappinesscomewithsatisfyingclose【C2】______?Soc
Whichofthefollowingplacesismostprobablywherethemanworks?
最新回复
(
0
)