5 Questions
What is the percentage used to calculate the allowance for doubtful debts as per the text?
2%
In the year 2022, what was the total amount of bad debts deducted from the debtor?
$5400
What was the increase in allowance for doubtful debts in 2022?
$832
In the year 2023, what was the total amount of bad debts deducted from the debtor?
$6400
What was the reduction in allowance for doubtful debts in 2023?
$1416
Learn how to make double entries in the ledger to record the receipt of an amount that had previously been written off and is now recovered. The process involves reinstating the amount as a debtor debt and then recording the receipt from the customer.
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