| |
Solution 10.2
|
DR |
Bad Debts
Account |
CR |
|
|
€ |
|
€ |
|
F.
Flanagan a/c |
500 |
|
|
|
G.
Dunne a/c |
236 |
|
|
|
A.
Kearns a/c |
425 |
|
|
|
C.
White a/c |
125 |
P
& L a/c |
1,286 |
|
|
1,286 |
|
1,286 |
|
|
|
|
|
| |
|
|
|
|
|
DR |
Provision
for Bad Debts Account |
CR |
|
|
€ |
|
€ |
|
Bal
c/d |
1,702.50 |
P
& L a/c |
1,702.50 |
|
|
|
Bal
b/d |
1,702.50 |
| |
|
|
|
|
|
DR |
Profit &
Loss Extract |
CR |
|
|
€ |
|
€ |
|
Bad
debts |
1,286.00 |
|
|
|
Provision
- bad debts |
1,702.50 |
|
|
| |
|
|
|
|
Statement of financial position Extract
|
|
Current
assets |
€ |
€ |
|
|
Debtors |
56,750.00 |
|
|
|
Less provision for bad debts |
(1,702.50) |
55,047.50 |
|