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XYZ Ltd started trading on 1 January 2013. The following are some of the bad debts that were written off during two years that XYZ...

      

XYZ Ltd started trading on 1 January 2013. The following are some of the bad debts that were written off during two years that XYZ Ltd has been trading.
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On 31 December 20x3 debtors balance was Ksh 4,050,000. Provision for bad debts was maintained at 3%.
On 31 December 20x4 debtors balance increased to Ksh 4,730,000. Provision for bad debts was maintained at 5%.
Required:
i. Debtors Account for the two years
ii. Bad debts Account for the two years
iii. Provision for bad debts Accounts for the two years
iv. Income statement Extract for the two years
v. Balance sheet Extract for the two years

  

Answers


Kavungya
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Kavungya answered the question on August 17, 2021 at 11:24


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