FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Do c) only. 

Question 3 As at 1 Feb 2020, Aleena Trading had a balance of RM 2,330 in the allowance for doubtful debts account. Given the following transactions for Aleena's business related to debtors, you are required to assist in recording all the necessary information into the accounting records. 1 Feb 2020 -31 January 2021 Bad debts written off during the accounting year RM 1,680 RM 42,000 Total debtors as at 31 January 2021 Bad debts recovered during the accounting year RM 790 Allowance for doubtful debts 5% 1 Feb 2021 - 31 January 2022 Bad debts written off during the accounting year RM 1,950 Total debtors as at 31 January 2022 RM 55,000 Bad debts recovered during the accounting year RM 1,910 Allowance for doubtful debts 4% Required to prepare: (a) Bad debts account for the year ended 31 January 2022. (b) Allowance for doubtful debts account for two years ended 31 January 2022. (c) Bad debts recovered account for the year ended 31 January 2022.
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Transcribed Image Text:Question 3 As at 1 Feb 2020, Aleena Trading had a balance of RM 2,330 in the allowance for doubtful debts account. Given the following transactions for Aleena's business related to debtors, you are required to assist in recording all the necessary information into the accounting records. 1 Feb 2020 -31 January 2021 Bad debts written off during the accounting year RM 1,680 RM 42,000 Total debtors as at 31 January 2021 Bad debts recovered during the accounting year RM 790 Allowance for doubtful debts 5% 1 Feb 2021 - 31 January 2022 Bad debts written off during the accounting year RM 1,950 Total debtors as at 31 January 2022 RM 55,000 Bad debts recovered during the accounting year RM 1,910 Allowance for doubtful debts 4% Required to prepare: (a) Bad debts account for the year ended 31 January 2022. (b) Allowance for doubtful debts account for two years ended 31 January 2022. (c) Bad debts recovered account for the year ended 31 January 2022.
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