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
116
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 $(600,000×5%) 30,000(Cr) 31,500
解析
转载请注明原文地址:https://kaotiyun.com/show/sRYd777K
0
中级(会计)
原金融专业英语(FECT)
金融英语(FECT)
相关试题推荐
Ihadacupofcoffeeinthatrestaurant______andIfounditquitedifferent.
Asatraveler,Georgewillbe______homeforseveralmonthseachyear.
Whatdotheythinkadoctorshouldbe?
Mr.Blackwasyoungandable.Thebosslikedhim.LastmonthhewassenttoChinaonbusiness.BeforehewentbackfromChina,h
[A]tape[B]radio[C]newspaper[D]dictionary[E]notebook[F]ticket[G]stampYoucanreaditforinformation.
Ellenlefthomeearlyyesterdaybecauseatnineo’clockshewasgoingtostartworkatacompanyinthecity.Shewasonlyeigh
Inaninflationeconomy,theinventoryendingbalancerecordedbyFIFOmethodislowerthanthatrecordedbyLIFOmethod.
MayTradingCo.Ltd.hasfollowingfiguresat31DecemberYear1$Fixedassets1,300,000Provisionfordepreciation350,000Sto
accept,discount,against,dishonoured,attached,hypothecation,credit,draw,ownership,amountWhenaLetterofCredith
Agroupofworkersreceivesapayincreaseof10%.Alsooverthissametimeperiodtheretailpriceindexrises10pointsto5It
随机试题
1958年5月1日,____________试验播出,宣告中国电视事业的诞生。
A.阻断迷走神经M胆碱受体B.抑制磷酸二酯酶C.激活腺苷酸环化酶D.保护肥大细胞溶酶体膜E.使封闭抗体增加色苷酸钠的作用机制是
可用于治疗高胆红素血症和新生儿核黄疸的药物是
关于老年人体内成分改变描述错误的是()。
不属于增感屏类型的是
夏季,某绵羊群放牧后出现食欲减退、体温升高、可视黏膜苍白等症状。剖检见肝脏肿大、出血,在腹腔和肝脏中发现扁平叶状幼虫。该病可能是()
施工组织设计的主要作用是( )。
以下关于文书校对要求的描述正确的是()。
在VisualFoxPro中,关于查询设计器和视图设计器,以下描述正确的是()。
【21】【22】
最新回复
(
0
)