Ledger Entries for Recovered Bad Debts
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Questions and Answers

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?

  • $6400
  • $5400 (correct)
  • $7400
  • $8400

    • 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?

    <p>$6400</p> Signup and view all the answers

    What was the reduction in allowance for doubtful debts in 2023?

    <p>$1416</p> Signup and view all the answers

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