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Questions and Answers
What is the percentage used to calculate the allowance for doubtful debts as per the text?
What is the percentage used to calculate the allowance for doubtful debts as per the text?
- 3%
- 2% (correct)
- 4%
- 1%
In the year 2022, what was the total amount of bad debts deducted from the debtor?
In the year 2022, what was the total amount of bad debts deducted from the debtor?
- $6400
- $5400 (correct)
- $7400
- $8400
What was the increase in allowance for doubtful debts in 2022?
What was the increase in allowance for doubtful debts in 2022?
- $1416
- $1716
- $416
- $832 (correct)
In the year 2023, what was the total amount of bad debts deducted from the debtor?
In the year 2023, what was the total amount of bad debts deducted from the debtor?
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What was the reduction in allowance for doubtful debts in 2023?
What was the reduction in allowance for doubtful debts in 2023?
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