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NOI??n- x / m QUIZ 4 BT) × : × . How to Ca × : (1) Operating a tr 1329928page-2 my/mod/quiz/attempt.php?attempt RNING kulti Perniagaan, Ekonomi dan Perakaunan BT 12203 [2-2017/2018] IZ 4 BT 12203 Question 3 Not yet answered Marked out of 1.00 P Flag question 3. C3.Tukang Jahit Expert has an accounting year ending on 30 November. The trade receivables as at 30 November 2012 were RM189,000. Included in this trade receivable figure was an amount of RM3,000 owed by Zarina which was thought to be irrecoverable. It also included amounts of RM2,400 owed by Azmi, RM1,500 owed by Lina and RM2,100 owed by Fatimah, all of which were regarded as doubtful. It is the practice of the business to provide a general provision for doubtful debts of 5% based on the trade receivable figures at year end Calculate the amount of provision for doubtful debts to be reflected in the Statement of Financial Position as at 30 November 2012 Select one: O a. RM15,000 O b. RM9,000 O c. RM180,000 O d. RM6,000 Next

Explanation / Answer

Answer : b. RM9000

=> Provision for doubtful debts = (AR - all doubtful accounts) * percentage of doubtful debt

Provision for doubtful debts = (189000-3000-2400-1500-2100)*5% = RM9000

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